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Non-QM Loan Programs

Angel Oak Mortgage Solutions is a wholesale mortgage lender that specializes in non-QM loan programs for brokers.

Our rates are 30 year fixed – not ARMs – across all Angel Oak programs.

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

Bank Statement Mortgage

Mortgage solutions for self-employed borrowers

Credit scores starting at 680

Up to 80% LTV

  • 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
  • Rates are 30-year fixed
  • Two years self-employed required

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1099 Income Loan

Mortgage solutions for self-employed borrowers

Credit scores starting at 680

Up to 80% LTV

  • Loans up to $3 million, Minimum loan of $150,000
  • No tax returns are required
  • Most recent one or two years 1099 plus year to date earning statement allowed
  • Year to date earnings are verified from earning statement, paystubs, or bank statements
  • 1099s must be from a single employer

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Investor Cash Flow

Property investors can build their portfolios faster

Credit scores starting at 680

Up to 75% LTV

  • Loans up to $1.5 million, Minimum loan of $75,000
  • Qualification based on property cash flow − Minimum debt service coverage ratio 1.0
  • No DSCR needed with minimum 700 FICO and max 75% LTV
  • No personal income or employment information required
  • Short-term rentals and VRBOs ok / No condotels or hotels

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Platinum Jumbo

Solutions for the “Just Missed” Borrower

Credit scores starting at 700

Up to 80% LTV

  • Loans up to $3 million, Minimum loan of $250,000
  • 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

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Asset Qualifier

Ideal for borrowers with high net worth and significant assets

Credit scores starting at 700

Up to 75% LTV

  • Loans up to $3 million, Minimum loan of $250,000
  • No employment, no income, no DTI
  • Rates are 30-year fixed
  • Five years seasoning foreclosure, short sale or bankruptcy
  • Primary residence only

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ITIN Mortgage Loan

A full-doc product that offers borrowers all the flexibility, features and benefits of non-QM programs

Credit scores starting at 680

Maximum
LTV 75%

  • Loans up to $2.5 million, Minimum loan of $125,000
  • One year seasoning for foreclosure, short sale or deed-in-lieu
  • Two years seasoning for bankruptcy
  • Primary home only
  • Up to 50% DTI

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Foreign National

Foreign National clients can purchase an investment property in the U.S.

Maximum LTV of 70%

Maximum LTV of 65% for cash out

No Foreign or U.S. credit needed

  • Minimum loan amount of $75,000
  • Maximum loan amount of $1.5 million
  • A DSCR program with a 1:1 ratio on cash flow
  • Assets sourced and seasoned for 60 days - must be in a U.S. FDIC insured bank for a minimum of 30 days
  • 12 months reserves required and must be in a U.S. bank

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Portfolio Select

A full-doc product that offers borrowers all the flexibility, features and benefits of non-QM programs

Credit scores starting at 680

Up to 80% LTV

  • Loans up to $2.5 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

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Agency Mortgage

Conventional Mortgage Solutions for Quick Closings

Credit scores starting at 660

Up to 95% LTV/CLTV, with MI

  • 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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