Do you know potential borrowers with lower credit scores or someone with a recent major credit event who would like to take advantage of favorable conditions in today’s housing market? Loan options exist for these borrowers and Angel Oak offers them! We have a Non-Prime mortgage program just for these borrowers who fall outside conventional guidelines but who fall inside Angel Oak’s Non-QM products.
Contact an account executive and ask to match your loan scenario with one of our non-QM products. Then call your borrower with the good news that you found a loan solution. It doesn’t end there….mark your calendar to follow up with them in a few years to see if they are ready to refinance. Two deals in one!
Highlights include but not limited to:
- 1 day out of foreclosure, short sale, bankruptcy or deed-in-lieu
- Loans up to $1 million
- Credit scores down to 500
- Up to 90% LTV · DTI up to 50% considered
- Owner-occupied, 2nd homes, and investment properties
- Non-warrantable condos considered
- Jumbo loans down to 500 score
Why work with anyone but the best in non-QM?