Asset Qualifier

For borrowers with assets. No employment required.

Angel Oak’s Asset Qualifier loan product allows borrowers to qualify using their liquid assets. We do not require employment, income or DTI to justify ability-to-repay. We qualify based on required assets that meet seasoning requirements. We have helped retirees, underserved self-employed, divorced with no income, and other borrowers with required seasoned assets to purchase or refinance. This easy to close loan is another solution helping borrowers with their home loan needs who could not under Agency guidelines.

700

Min Fico

75%

Max LTV

Loans up to

$4 million

with a minimum of $150,000

Rates are

30-year fixed

Interest only

program available

Borrowers must have at least

$500,000

in post-closing assets.

Purchase, Refi Cash Out, Refi Rate & Term, & Delayed Financing
Primary residence and second home only
No employment, no income, no DTI
Five years' seasoning foreclosure, short sale or bankruptcy
All assets must be sourced and seasoned for a minimum of six months except sale of a business or home that have been owned greater than 3 years
Required assets: Loan amount, recurring monthly debt multiplied by 60 months, funds to close and three months reserves
Loan Features: 2-1 Buydown

FAQ's

An Asset Qualifier Loan is a mortgage program that qualifies borrowers based on verified liquid assets rather than employment income.

Retirees, high-net-worth individuals, and borrowers with substantial post-closing liquidity may qualify.

Eligible assets are amortized over a defined term to calculate qualifying income for debt-to-income purposes.

Foreclosure, short sale, and bankruptcy events require five years of seasoning under current guidelines.

Primary residences are eligible, subject to underwriting standards.

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