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Our Foreign National Program Is Back!

We are excited to announce that our FOREIGN NATIONAL PROGRAM is back by popular demand and even better than before! Better still, we are bringing you this program in a way that only Angel Oak can. As the Leader in Non-QM, our guidelines and higher cash-out allowances gives you and your borrowers more flexibility than ever before.

This is a DSCR product with a 1:1 ratio on cash flow. No income or U.S. credit is required. Borrowers must simply meet the LTV requirement of 70% and the 1:1 DSCR ratio for a quick and easy close!

Foreign National Program Guidelines:

  • ​​​​​No Income and No Employment listed on 1003
  • No Credit needed in US or foreign country
  • No Housing history or landlord experience needed
  • DSCR coverage 1:1
  • Up to 70% LTV
  • 30 year fixed, principal and interest
  • Colombia, Argentina, Brazil and many others OK with very few limitations
  • Must have an eligible Visa: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2
  • Assets sourced and seasoned 60 days – must be in a U.S. FDIC insured bank for a minimum of 30 days
  • 12 months reserves required and must be in a U.S. bank
  • ACH auto-payment is required