Angel Oak’s Investor Cash Flow program is a great way for your clients to add to their investment portfolio by qualifying based on property cash flow. The closing process is easier since complicated income statements and tax returns are not required. No personal income is needed, up to 80% LTV, no DTI restrictions and loans up to $1.5 million are a few highlights. Eligible borrowers may now elect a 10-year interest only period with a 40-year term.
· Now available – 40 year interest-only!
· 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
· Up to 80% LTV · No DTI restrictions
· 1-4 units and condos
· Loans up to $1.5 million
· Credit scores down to 660