Program Overview

MORE OPTIONS… To close your Non-Agency loans

Angel Oak Mortgage Solutions offers alternative lending programs to help your borrowers who may not meet general Agency financing guidelines. Expand your product offering and grow your business with our unique programs.

Platinum
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  • Credit scores starting at 660
  • 4 years seasoning FC, SS, BK, or DIL
  • Loans up to $3 million (minimum Loan $150,000)
  • Up to 90% LTV/CLTV
  • Owner-occupied / second homes
  • Interest-only available
  • Cash-out available – $500,000 maximum
  • Asset Qualifier available
  • 1 Year Tax Return Program Available

Portfolio Select/Alt-A
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  • Up to 90% LTV (purchase & R/T) – no MI
  • Up to 85% LTV (cash-out) – no MI
  • 2 years seasoning FC, SS, BK, or DIL
  • Recently discharged BK 13 to 90% LTV (if paid as agreed 24 Mos)
  • Loans up to $3 million (minimum loan $75,000)
  • Cash out for reserves OK
  • Credit scores starting at 600
  • 1x30x12 housing history
  • Option to qualify with assets instead of income
  • Asset Depletion program available
  • 1 Year Tax Return Program Available

Bank Statement (Personal or Business) 
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  • 24 month business bank statements
  • 12 month personal bank statements
  • Up to 90% LTV – no MI
  • 2 years seasoning FC, SS, BK, or DIL
  • No tax returns required
  • DTI 40/45 (Up to 50% considered)
  • Loans up to $3 million (minimum loan $150,000)
  • Credit scores starting at 600
  • First-time homebuyers OK
  • Interest-only available
   

Asset Qualifier
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  • Up to 75% LTV (purchase or delayed financing)
  • 5 years seasoning FC, SS, BK, or DIL
  • Credit score of 700+ required
  • Loans up to $3 million (minimum Loan $150,000)
  • No DTI restrictions
  • Requires 60 months of recurring monthly payments post closing
  • No 4506 required
  • Must document minimum $500,000 in post closing assets
  • Primary residence only
  • Assets must be sourced/seasoned for a minimum of 12 months 

Non-Prime/Recent Housing Event
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  • Credit scores as low as 500 (including jumbo loans)
  • Up to 90% LTV (purchase, R/T, debt consolidation) – no MI
  • Up to 85% LTV cash-out
  • 1 day out of FC, SS, BK, or DIL
  • Loans up to $1 million (minimum loan $75,000)
  • Cash out for reserves OK
  • Mortgage lates are OK
  • DTI 40/45 (Up to 50% considered)
  • Limited or no tradelines OK to max 75% LTV
  • Max cash-out to $500,000

Investor Cash Flow
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  • No personal income used to qualify
  • No limit on number of properties financed (5 with AOMS)
  • No DTI restrictions
  • Must have housing history and own a primary home
  • No employment required on application
  • 2 years seasoning FC, SS, BK, or DIL
  • Qualification based on property cash flow
  • Loans up to $1 million (minimum loan $75,000)
  • Up to 80% LTV (including cash-out)
  • Credit scores starting at 660
  • Interest-only available
   
         
 

Foreign National
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  • Up to 75% LTV (purchase or refinance)
  • Simple credit reference letters to satisfy trade lines
  • No US or international credit required
  • No SSN or ITIN required
  • 12 months reserves required
  • Loans up to $750,000 (higher amounts case by case)
  • Reserves can remain in foreign account
  • Minimum loan amount down to $75,000
  • Fewer country restrictions than other lenders
  • DTI up to 50% considered
       
 

Non-warrantable condos considered across all programs