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Non-QM Loan Programs

Angel Oak Mortgage Solutions offers wholesale non-QM loan programs for borrowers who may not fit traditional lending guidelines.

Click below to find out more information about our industry leading wholesale non-QM solutions.

Program Name
Doc Type
Min. Credit Score
Max LTV
Key Facts

Bank Statement Loans

Doc TypeBank Statement, Investment Property
Min. Credit Score640
LTV Up to90%
  • Loans up to $3 million with a minimum of $150,000
  • 12 or 24 months business or personal bank statements
  • Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

DSCR Loan

(Investor Cash Flow)

Doc TypeAlt Doc, Investment Property
Min. Credit Score680
LTV Up to85%
  • Loans up to $3 million with a minimum of $100,000
  • Qualification based on property cash flow
  • No personal income or employment information required

Bank Statement HELOC

Doc TypeBank Statement, Second Mortgage
Min. Credit Score720
LTV Up to85%
  • Loan amounts up to $400,000
  • Revolving line of credit
  • Interest only payments during draw period

Bank Statement Elite

A solution for self employed borrowers - No tax returns required!

Doc TypeBank Statement, Investment Property
Min. Credit Score660
LTV Up to90%
  • Loans up to $3.5 million with a minimum of $150,000
  • 12 or 24 months statements
  • Foreclosure, short sale, deed-in-lieu or bankruptcy allowed if discharged for 48 months with no delinquencies since the discharge

1099 Income Loan

Doc TypeAlt Doc, Investment Property
Min. Credit Score640
LTV Up to90%
  • Loans up to $3 million with a minimum of $150,000
  • No tax returns are required
  • Most recent one or two years 1099 plus year to date earning statement allowed

P&L Loan

Doc TypeAlt Doc, Investment Property
Min. Credit Score640
LTV Up to80%
  • Loans up to $3 million with a minimum of $150,000
  • Prepared by CPA/Tax preparer
  • Requires 2 months of business bank statements with deposits supporting gross receipts within 15%

Closed End Second Mortgage

Doc TypeBank Statement, Full Doc, Investment Property, Second Mortgage
Min. Credit Score700
LTV Up to85%
  • Loans up to $750,000 with a minimum of $75,000
  • Rates are 30-year fixed, 20-year fixed, 15-year, or 10-year fixed
  • Cash-out or rate-term refinance

Platinum Jumbo

Doc TypeFull Doc, Investment Property
Min. Credit Score680
LTV Up to90%
  • 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

Portfolio Select

Doc TypeFull Doc, Investment Property
Min. Credit Score640
LTV Up to85%
  • Loans up to $2.5 million with a minimum of $125,000
  • One year seasoning for foreclosure, short sale or deed-in-lieu
  • Two years seasoning for bankruptcy, can use chapter 13 filing date

Asset Qualifier

Doc TypeAlt Doc
Min. Credit Score700
LTV Up to75%
  • Loans up to $3 million with a minimum of $250,000
  • No employment, no income, no DTI
  • Rates are 30-year fixed

ITIN Mortgage Loan

Doc TypeFull Doc
Min. Credit Score640
LTV Up to75%
  • Loans up to $2.5 million with a minimum of $125,000
  • One year seasoning for foreclosure, short sale or deed-in-lieu
  • Two years seasoning for bankruptcy, can use chapter 13 filing date

Foreign National

Doc TypeAlt Doc, Investment Property
Min. Credit ScoreNA
LTV Up to70%
  • Minimum loan amount of $100,000
  • Maximum loan amount of $1.5 million
  • A DSCR program with a 1:1 ratio on cash flow

Agency Mortgage

Doc TypeFull Doc
Min. Credit Score660
LTV Up to95%
  • Loans up to conforming limits (high balance case by case)
  • Owner-occupied, second homes, investment
  • Competitive pricing with quick turn times
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