| Criteria | PLATINUM ASSET QUALIFER | PORTFOLIO SELECT ASSET QUALIFER |
| NonQM Profile Category | Asset Qualifier; Interest Only; Non Warrantable Condo | Asset Qualifier; Interest Only; Non Warrantable Condo |
| Documentation | Asset Only | Asset Only |
| Maximum Loan Amount | 3MM | 3MM |
| Loan Term/Mortgage Rate Type | 30 yr fixed or 5/1 ARM | 30 yr fixed or 5/1 ARM |
| Interest Only | 30 or 40-Year Fixed I/O or 5/1 ARM I/O (30 or 40 yr) | 30 or 40-Year Fixed I/O or 5/1 ARM I/O (30 or 40 yr) |
| Bankruptcy Seasoning | 60 Months | 60 Months |
| DTI | 40/50% | 40/50% |
| Credit Score (min) | 700 | 700 |
| Foreclosure, Short Sale, Deed-in-Lieu | 60 Months | 60 Months |
| Occupancy | Owner-Occupied | Owner-Occupied |
| Min. Reserves | 6 months | 6 months |
| Residual Income (min) | 1300 | 1300 |
| Max Payment Shock | 350% FTHB – 250% | 250% |
| Mortgage (or rent) Payment History | 1 x 30 x 12 or 2 x 30 x 24 | Max 1 x 30 x 12 |
| Rent Free | Not Eligible | Not Eligible |
| Max LTV | 75% | 75% |
| Gift Funds | Not Allowed | Not Allowed |
| Max Cash in Hand | N/A | N/A |
| Non Warrantable Condos | Available | Available |
| Marketing | Perfect for Borrowers With High Net Worth and Significant Assets No other income required | Perfect for Borrowers With High Net Worth and Significant Assets No other income required |
| Operational | Visit our website at www.angeloakms.com for rates (QuickQuote) or to get a Prequal for your borrower (Prequal Request) | Visit our website at www.angeloakms.com for rates (QuickQuote) or to get a Prequal for your borrower (Prequal Request) |
Angel Oak:
Bill Parnell
Direct: 925-726-9123
Email: Bill.Parnell@angeloakms.com
