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Investment And Second Home Loans Still Easy For Angel Oak

There is a lot of talk in the market about the FHFA restrictions on GSEs and how that might affect loans for investment and second homes properties. At Angel Oak Mortgage Solutions it’s simply business as usual. We don’t have the limitations based on the FHFA loan volume cap for these loans. In addition, as Agency guidelines are getting tightened, we have programs to fill in the gaps. What was approved last year by DU may not get approved this year. And when it doesn’t, our programs will help get those investment and second home properties closed. Call us first as your go-to lender!

​​Full Doc and No Doc Options:

Investor Cash Flow
Requires NO income or employment information. Qualification is based on rental analysis using market rents from the appraisal to qualify the loan.

  • LTV up to 80%
  • Credit score down to 640
  • Minimum DSCR 1.00 – No DSCR with minimum 700 FICO and maximum 70% LTV
  • No income expense ratio – DTI not required

Bank Statement
Self-employed investors can use 12 or 24 months personal or business statements to qualify income.

  • Credit scores down to 680
  • LTV up to 90%, No MI
  • Loans up to $3 million
  • Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

Full Doc
We offer a standard income documentation that includes paystubs, W2s, and tax returns

  • Credit scores down to 620
  • LTV up to 90%, No MI
  • Owner-occupied, second homes and non-owner occupied
  • Portfolio Select – one year seasoning for foreclosure, two years seasoning for bankruptcy, short sale and deed-in-lieu
  • Platinum Jumbo – one year tax return program available