Platinum
For “Just Missed” Jumbo Borrowers
Angel Oak’s Non-QM Platinum allows our clients to help more Jumbo borrowers. This mortgage program is a competitively priced product for borrowers who just miss qualifying under Prime Jumbo guidelines.
680
Min Fico
(Up to 80% LTV)
90%
Max LTV
(Minimum 720 FICO)
Loans up to
$4 million
with a minimum of $150,000
5/6 ARM, 7/6 ARM, & 30 year
year fixed options available
Full doc only
One year
tax return program
- 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
- Loan Features: 2-1 Buydown, Adjustable-Rate Mortgage (ARM)
FAQ's
A Platinum Loan is a Non-QM jumbo mortgage designed for borrowers who exceed conforming loan limits and require higher loan amounts.
Borrowers with strong credit profiles and documentable income who fall outside agency jumbo overlays due to DTI or guideline constraints may qualify.
Platinum loans require full documentation, including income verification, asset documentation, and credit review under defined underwriting standards.
Primary residences, second homes, and investment properties may qualify, subject to loan amount and program guidelines.
This program may be appropriate when a borrower requires jumbo financing and does not meet agency jumbo eligibility despite strong overall credit quality.
What is the benefit to originators who use Non-QM loan products?
Originators who utilize Non-QM offer a service that their competition may not offer. They become an expert and go-to for the Non-QM borrower. The benefit is increased referrals and business growth despite changes in the market. Continue to increase your volume each year regardless of fluctuating interest rates, tighter Agency guidelines, and a slowing refinance market.