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Portfolio Select

Credit scores starting at 660

Up to 80% LTV

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. 

  • Loans up to $2 million, Minimum loan of $125,000
  • One year seasoning for foreclosure, short sale or deed-in-lieu
  • Two years seasoning for bankruptcy
  • Purchase and cash-out or rate-term refinance
  • Owner-occupied, second homes, and investment properties
  • Up to 50% DTI
  • Gift funds allowed
  • 30 year fixed interest only available
  • Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained

FAQ's

What is Alt-A?
Alt-A is a loan classification for mortgages falling between Prime and Non-QM. Angel Oak's Portfolio Select product is specifically for the Alt-A borrower who just misses qualifying for Prime.
Is Portfolio Select a full doc loan?
Yes, this is a full documentation loan product where the borrower is able to submit all income verification documents required by the lender. Consult a licensed mortgage advisor for requirements.
What is the maximum loan amount for Portfolio Select?
Loan amounts go up to $2.5 million. Talk to a licensed mortgage advisor about loan options that exceed $2.5 million.

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