Credit scores down to 620 | Up to 90% LTV with no MI
Capture more business with Angel Oak’s innovative Portfolio Select mortgage product. We have created a program for the Alt-A borrower with all of the flexibility, features and benefits of Non-QM programs.
- Minimum 620 FICO
- Max 90% LTV with no MI
- Loans up to $2.5 million
- 1 year Tax Returns okay for Borrowers SE past 2 Years
- Interest Only Available Up to 85%
- 1 years seasoning for foreclosure, or deed-in-lieu
- Short Sale paid as agreed no waiting
- Chapter 7 & 11 Bankruptcy, 2 years from Discharge.
- Chapter 13 Bankruptcy, 2 years from filing date; if paid as agreed and discharged.
- Purchase and cash-out or rate-term refinance
- Owner-occupied, second homes, and investment properties
- Non-warrantable condos considered
- Up to 50% DTI
- Gift funds allowed