Credit scores starting at 700
Up to 75% LTV
Angel Oak’s Asset Qualifier mortgage product is for borrowers to qualify using their liquid assets. We do not require employment, income, or DTI to justify the ability to repay the loan. This program allows for borrowers to qualify for larger loans easier!
- Loans up to $3 million, Minimum loan of $250,000
- No employment, no income, no DTI
- Rates are 30-year fixed
- Five years seasoning foreclosure, short sale or bankruptcy
- Primary residence, purchase or refinance
- Interest only program available
- Non-warrantable condos allowed
- All assets must be sourced and seasoned for a minimum of six months
- Required assets: Loan amount, recurring monthly debt multiplied by 60 months, funds to close and six months reserves
- Borrowers must have at least $500,000 in post-closing assets.