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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!

LTVs

  • Up to 85% for Bank Statement and Platinum Jumbo
  • Up to 80% on our Investor Cash Flow program​​​​​​

Credit Scores

  • Down to 660 on Bank Statement and Portfolio Select.​​​

Our Non-QM products that can help you add loans to your books:


Bank Statement

  • Self-employed borrowers can submit 12 or 24 months of personal or business bank statements or 1099 earning statements in lieu of tax returns.

​​​Investor Cash Flow

  • Real estate investors can qualify using rental cash flow of the property instead of tax returns or income.

Platinum

  • 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.​​​​​​​

Portfolio Select

  • One year seasoning for foreclosure, deed-in-lieu or short sale. Two years seasoning for bankruptcy.

Asset Qualifier

  • Qualifies using liquid assets instead of tax returns or employment information.