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 mortgage solutions.
Non-QM Loan Programs
Bank Statement Mortgage
Mortgage solutions for self-employed borrowers
Credit scores starting at 640
Up to 90% 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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Business Bank Statement Elite
Mortgage solutions for self-employed borrowers
Credit scores starting at 660
Up to 90% LTV
- Loans up to $3.5 million with a minimum of $150,000
- 12 or 24 months business bank statements only
- Foreclosure, short sale, deed-in-lieu or bankruptcy allowed if discharged for 48 months with no delinquencies since the discharge
- 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 640
Up to 90% 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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Closed End Second Loans
Mortgage solutions for self-employed borrowers
Credit scores starting at 700
Up to 85% CLTV
- Loans up to $500,000 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
- Owner-occupied, second homes, and non-owner occupied
- SFR, Townhomes, 2-Unit, and Warrantable Condominiums
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Investor Cash Flow (DSCR Loan)
Property investors can build their portfolios faster
Credit scores starting at 680
Up to 80% LTV
- Loans up to $3 million, Minimum loan of $100,000
- Qualification based on property cash flow
- No personal income or employment information required
- Properties can be in LLC’s name
- No limit on total number of properties
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Platinum Jumbo
Solutions for the “Just Missed” Borrower
Credit scores starting at 680
Up to 90% 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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Portfolio Select
A full-doc product that offers borrowers all the flexibility, features and benefits of non-QM programs
Credit scores starting at 640
Up to 85% 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, can use chapter 13 filing date
- Purchase and cash-out or rate-term refinance
- Owner-occupied, second homes, and investment properties
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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 640
Up to 75% 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, can use chapter 13 filing date
- Purchase and cash-out or rate-term refinance
- Primary home only (One unit 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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Foreign National
Foreign National clients can purchase an investment property in the U.S.
No Foreign or U.S. credit needed
Up to 70% LTV
- Minimum loan amount of $100,000
- 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
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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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