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Platinum

Credit scores starting at 660

Up to 95% LTV/CLTV

Loans up to $3 million

The Platinum Mortgage Program is a competitively priced product for borrowers who just missed qualifying for conventional financing. Stop losing clients and missing deals by working with us to close more loans than ever! Give your Jumbo borrowers the great news that you have an aggressively priced option that could help them realize the home of their dreams.

  • Minimum loan of $150,000
  • 4 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • Owner-occupied, second homes and investment properties
  • Non-warrantable condos considered
  • Interest only available
  • Cash-out available – $500,000 maximum
  • Option to qualify with assets instead of income
  • 1 year tax return program available

FAQ's

What is a Jumbo Loan?
A Jumbo loan exceeds the limits set by the Federal Housing Finance Agency. A Jumbo loan cannot be purchased, guaranteed, or securitized by Fannie Mae or Freddie Mac. We offer a competitively priced Jumbo product at Angel Oak.
What is a Jumbo loan amount?
A Jumbo product is used for a loan amount that exceeds the conforming loan limit in your area. It varies across the country and you confirm the amount with your local Angel Oak account executive.
What is the difference between a Jumbo loan and a conventional loan?
A Jumbo loan allows you to borrow a larger sum of money for a property than with a conventional loan. A conforming loan meets Fannie Mae and Freddie Mac requirements regarding credit, debt and loan size.