Non-QM Condominium Loans
Angel Oak offers Non-QM condominium loan programs designed for self-employed borrowers and real estate investors. We finance warrantable condos, non-warrantable condos, and condotels (condo-hotels) through a variety of solutions. All condominium transactions must have a completed homeowners’ association (HOA) questionnaire and a valid project approval.
- Warrantable Condos, non-warrantable condos, and condotels
- No tax returns required for self-employed borrowers through our bank statement loan program
- No personal income or employment information on rental properties through our DSCR loan program
- HELOC and closed-end second lien available on warrantable condos
- Purchase and cash-out or rate-term refinance
- Owner-occupied, second homes, and investment properties
- 100% investor concentration OK
- Up to 10% deductible on master condo insurance policy (Fannie / Freddie max of 5%)
- Permanent and non-permanent residents allowed (no foreign nationals on Condotels)