Program Overview

Angel Oak’s Non-QM Mortgage Options

Angel Oak Mortgage Solutions has pioneered the resurgence and success of non-QM mortgages, making us the leaders in the wholesale alternative lending space. We have experienced record setting growth in non-QM. In fact, non-QM is the only area in the mortgage industry with year over year gains and we continue to report increases in volume each quarter of 2019. Angel Oak Mortgage Solutions is a wholesale mortgage lender that specializes in non-QM and non-prime mortgage solutions for brokers. Click below to find out more information about our industry-leading wholesale mortgage solutions. Contact us today!

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 95% LTV/CLTV
  • Owner-occupied / second homes / investment properties
  • 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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  • 12 or 24 month business bank statements
  • 12 or 24 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 $1.5 million (minimum loan $75,000)
  • Up to 80% LTV (including cash-out)
  • Credit scores starting at 640
  • 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