Correspondent

Portfolio Select Program

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