Mortgage Programs
Non-Warrantable Condo Questionnaire
Warrantable Condo Questionnaire for HELOC and 2nd lien Mortgage only
Condo Fact Sheet

Angel Oak Non-QM Condominium Loans

Angel Oak offers Non-QM condominium loan programs designed for self-employed borrowers and real estate investors. We finance warrantable condos, non-warrantable condos, and condotels (condo-hotels) through a variety of solutions. All condominium transactions must have a completed homeowners’ association (HOA) questionnaire and a valid project approval.

General Requirements:

Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing
Low-Rise, Mid-Rise, or High-Rise
100% investor concentration OK
Up to 10% deductible on master condo insurance policy
Minimum 450 sqft of living space

Full functional kitchen required
New Construction allowed
Condo Conversion allowed, 3 year seasoning required
Litigation may be acceptable (case by case basis)
Permanent and non-permanent residents allowed

All condominium projects must meet the following requirements:

Mortgage Programs

Bank Statement / Full Doc:

Warrantable Condos & Non-warrantable Condos
Owner-occupied, Second Homes, and Investment Properties
Up to 90% LTV

Bank Statement Program Highlights

DSCR (Investment property only):

Warrantable Condos, Non-warrantable condos, and Condotels (Condo-Hotels)
Short Term Rental Allowed
Condotels (Condo-Hotels), Lock-Out/Lock-Off units not allowed
Foreign Nationals not allowed on Condotels
Up to 85% LTV

DSCR Program Highlights

HELOC and 2nd lien Mortgage:

Warrantable condos only. Fannie Mae Condo Questionnaire 1076 required

Bank Statement HELOC Highlights

Closed End 2nd Mortgage Highlights

Non-Warrantable Condo Questionnaire

Non-Warrantable Condo Questionnaire Answer Key

Warrantable Condo Questionnaire for HELOC and 2nd lien Mortgage only

Warrantable Condo Questionnaire

Warrantable Condo Answer Key

Condo Fact Sheet

Condo Requirements