Angel Oak Mortgage Solutions offers wholesale Non-QM loan programs for borrowers who may not fit traditional lending guidelines.

Click below to find out more information about our industry leading wholesale Non-QM solutions.

Program Name
Doc Type
Min. Credit Score
Max LTV
Key Facts

Bank Statement Loans

For Self-Employed Borrowers. No tax returns required.

Doc TypeFeatured, Bank Statement, Investment Property
640Min. Credit Score
90%LTV Up to
90%LTV Up to

  • Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing

  • Owner-occupied, second homes, and investment properties

  • Borrowers can own as little as 25% of the business

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Bank Statement HELOC

A HELOC for Self-Employed Borrowers

Doc TypeFeatured, Bank Statement, Second Mortgage
700Min. Credit Score
85%LTV Up to
85%LTV Up to

  • First lien HELOC allowed

  • Owner-occupied, second homes, and investment properties

  • Interest-only payments during draw period

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P&L Loan

For Self-Employed borrowers with Profit and Loss statements.

Doc TypeAlt Doc, Investment Property
640Min. Credit Score
80%LTV Up to
80%LTV Up to

  • Loans up to $3 million (minimum of $150,000)

  • Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing

  • Owner-occupied, second homes, and investment properties

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DSCR Loan

For Rental Property Investors

Doc TypeFeatured, Alt Doc, Investment Property
680Min. Credit Score
85%LTV Up to
85%LTV Up to

  • Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing

  • 1007 Waiver – Automated rental AVM report available (75% Max LTV, 1 unit only)

  • AirDNA Analysis – Automated short term rental report

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DSCR Closed-End Second Lien

A Second Mortgage for Rental Property Owners

Doc TypeInvestment Property, Second Mortgage
700Min. Credit Score
75%LTV Up to
75%LTV Up to

  • No income or employment required; qualifications based on property cash flow

  • Only warrantable condos qualify under current guidelines

  • Investment properties only

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Foreign National

For Foreign Nationals Purchasing in US

Doc TypeAlt Doc, Investment Property
NAMin. Credit Score
70%LTV Up to
70%LTV Up to

  • Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing

  • Investment property only

  • Cannot reside in the United States

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1099 Income Loan

For 1099 earners. No tax returns required.

Doc TypeAlt Doc, Investment Property
640Min. Credit Score
90%LTV Up to
90%LTV Up to

  • Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing

  • Owner-occupied, second homes, and investment properties

  • Two years’ seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

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ITIN Mortgage Loan

For Borrowers who do not have a Social Security number

Doc TypeFull Doc
640Min. Credit Score
80%LTV Up to
80%LTV Up to

  • Full Documentation Option

  • Maximum DTI: 50% Purchase or Rate & Term / Maximum DTI: 43% Refi Cash Out

  • SFR, PUD, Townhomes, Duplexes, and Warrantable condos only (9 stories or less)

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Platinum

For “Just Missed” Jumbo Borrowers

Doc TypeFeatured, Full Doc, Investment Property
680Min. Credit Score
90%LTV Up to
90%LTV Up to

  • Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing

  • Owner-occupied, second homes, and investment properties

  • Four years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

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Portfolio Select

For borrowers with a credit event

Doc TypeFeatured, Full Doc, Investment Property
640Min. Credit Score
85%LTV Up to
85%LTV Up to

  • Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing

  • Owner-occupied, second homes, and investment properties

  • Two years’ seasoning for bankruptcy, can use chapter 13 filing date

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Closed-End Second Mortgage

A Second Mortgage for Self-Employed and Real Estate Investors

Doc TypeFeatured, Bank Statement, Full Doc, Investment Property, Second Mortgage
660Min. Credit Score
90%LTV Up to
90%LTV Up to

  • Cash-out or rate-term refinance

  • Owner-occupied, second homes, and investment properties

  • Full doc (2 years’ tax returns and YTD P&L, or 2 years W-2’s with YTD pay stubs for non-self-employed)

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Asset Qualifier

For borrowers with assets. No employment required.

Doc TypeFeatured, Alt Doc
700Min. Credit Score
75%LTV Up to
75%LTV Up to

  • Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing

  • Primary residence and second home only

  • No employment, no income, no DTI

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Asset Depletion Mortgage

For High Net Worth Borrowers – Qualify Using Your Assets, Not Your Income

Doc TypeAlt Doc, Full Doc
700Min. Credit Score
80%LTV Up to
80%LTV Up to

  • Reserves: Minimum 3 months required. Cash-out may be used to satisfy reserve requirement

  • A minimum of $500,000 in remaining liquid assets after down payment, closing costs and reserves

  • Loan Amounts & LTV/CLTV: Up to $2.0MM (80% LTV/CLTV)

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2-1 Buydown

For interested party contributions to lower borrower cost for the first 2 years

Doc TypeBank Statement, Full Doc
640Min. Credit Score
80%LTV Up to
80%LTV Up to

  • Purchase transactions only

  • Eligible for primary residences

  • 30 year fixed rate only

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Adjustable-Rate Mortgage (ARM)

5/6 ARM and 7/6 ARM

Doc TypeInvestment Property, Second Mortgage
5/6 ARMMin. Credit Score
7/6 ARMLTV Up to
7/6 ARMLTV Up to

  • Please contact an Angel Oak Account Executive for complete qualification

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