Angel Oak’s New Enhancements Could Mean More Volume
Great news! We have updates to our guidelines adding benefits and ways to help more borrowers to qualify for a mortgage.
We have increased our LTVs and lowered credit scores!
We now allow a DSCR down to 0.80!
- Up to 85% for Bank Statement and Platinum Jumbo
- Up to 80% on our Investor Cash Flow program
- Down to 660 on Bank Statement and Portfolio Select.
Our Non-QM products that can help you add loans to your books:
- Self-employed borrowers can submit 12 or 24 months of personal or business bank statements or 1099 earning statements in lieu of tax returns.
- Real estate investors can qualify using rental cash flow of the property instead of tax returns or income.
- Non-QM Platinum Jumbo product for those who miss Prime. One year tax return program and four years seasoning requirements for credit events such as foreclosure.
- One year seasoning for foreclosure, deed-in-lieu or short sale. Two years seasoning for bankruptcy.
- Qualifies using liquid assets instead of tax returns or employment information.