Investor Cash Flow (DSCR Loan)
Credit scores starting at 600
Up to 80% LTV
Angel Oak’s Investor Cash Flow mortgage program allows your clients to qualify based on rental analysis to determine property cash flow. No personal income required to qualify. This saves you from submitting complicated income statements and tax returns.
- Loans up to $1.5 million, Minimum loan of $75,000
- Qualification based on property cash flow − Minimum DSCR 1.0
- No DSCR needed with minimum 700 FICO and maximum 75% LTV
- No personal income / no employment needed
- Short-term rentals and VRBOs ok
- No condotels or hotels
- Properties can be in LLC’s name
- No limit on total number of properties
- Purchase and cash-out or rate-term refinance
- 40 year fixed interest only available
- Non-warrantable condos allowed
Product Spotlight with Scott Gruebele
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.