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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: [email protected]

Scenario Desk:

Susanna Carouthers
Direct: 330-338-7785
[email protected]

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