Portfolio Select

For borrowers with a credit event

Credit worthy borrowers who have recovered from credit events no longer have to wait seven years to purchase or refinance! Our full doc Portfolio Select mortgage loan allows just one year seasoning for foreclosure, short sale, deed-in-lieu and just two years seasoning for bankruptcy. Capture more business and help those borrowers shut out of Agency guidelines. This full doc loan solution helps more borrowers achieve their financial goals through a home purchase or refinance.

640

Min Fico

(Up to 75% LTV)

85%

Max LTV

(Minimum 700 FICO)

Loans up to

$2.5 million

with a minimum of $125,000

5/6 ARM, 7/6 ARM, & 30 year

fixed options available

Up to

50% DTI

One year seasoning

for foreclosure, short sale or deed-in-lieu

Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing
Owner-occupied, second homes, and investment properties
Two years' seasoning for bankruptcy, can use chapter 13 filing date
Pricing based on primary wage earner’s middle FICO score
Gift funds allowed
Loan Features: 2-1 Buydown, Adjustable-Rate Mortgage (ARM)

Contact Angel Oak

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FAQ's

A Portfolio Select Loan is a Non-QM mortgage designed for borrowers with prior credit events who have re-established financial stability.

Borrowers who have experienced bankruptcy, foreclosure, or short sale and have satisfied reduced seasoning requirements may qualify under full documentation standards.

Full income and asset documentation is required. The program maintains defined underwriting and credit evaluation criteria.

Primary residences, second homes, and investment properties may be eligible, subject to program guidelines.

Portfolio Select may offer shorter seasoning timelines than agency guidelines while maintaining structured underwriting review.

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.

Additional Program Options