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Portfolio Select

Loans up to $3 million

Credit scores down to 680

Up to 80% LTV with no MI

Capture more Prime Jumbo business with Angel Oak’s innovative Portfolio Select mortgage product. We have created a Jumbo program for the Alt-A borrower with all of the flexibility, features and benefits of non-QM programs.

  • 2 years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
  • 100% gift funds allowed
  • DTI up to 50% considered
  • Owner-occupied, 2nd homes, and investment properties
  • Non-warrantable condos considered
  • All rates are 30-year fixed
  • No pre-payment penalty for owner-occupied and 2nd homes
  • Asset depletion available
  • Option to qualify with assets instead of income
  • Single Family Rentals, townhomes, condos, 2-4 units
  • Seller concessions to 6% (3% for investment)
  • 1 year tax return program available

Loan Scenario

There are many borrowers who just miss meeting the requirements of conventional guidelines. We helped a homebuyer who had gaps in their rental history over the past 12 months. It was easy to work with the broker on a full doc portfolio purchase. We documented 15 months and 12 payments of rental history to get the loan to the closing table. Bring us your loan challenge and we will work hard to find the ideal solution.


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.