Platinum Jumbo
- Loans up to $3 million with a minimum of $150,000
- Four years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- Owner-occupied, second homes, and non-owner occupied
- Purchase and cash-out or rate-term refinance
- Full doc only
- 40 year interest only available
- One year tax return program
- Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained
- Can qualify off liquid assets
Min Fico
680
(Up to 80% LTV)
Max LTV
90%
(Minimum 720 FICO)
Angel Oak’s non-QM Platinum Jumbo mortgage program is a competitively priced product for borrowers who just miss qualifying under Prime Jumbo guidelines. Stop losing deals because other lenders only offer Prime Jumbo. Our non-QM Platinum Jumbo loan allows our clients to help more Jumbo borrowers.
Your borrower may not be Prime – but they could be Platinum!
FAQ's
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.