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Criteria PLATINUM PORTFOLIO SELECT
NonQM Profile Category Bank Statement; Interest Only; High LTV; Non Warrantbale Condo Bank Statement; Interest Only; High LTV; Investor, Non Warrantable Condo
Documentation Full/1 Yr tax return/Bank Statement Full/1 Yr tax return/Bank Statement
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 48 Months 24 Months
DTI 40/50% 40/50% Investment properties 50%
Credit Score (min) 660 600
Foreclosure, Short Sale, Deed-in-Lieu 48 Months 24 Months Sort Sale – No seasonong if paid as agreed through sale date
Occupancy Owner-Occupied or Second Home Owner-Occupied, Second Home or Investmnet Property
Min. Reserves 6 months 6 months, 12 months under certain circumstances
Residual Income (min) $3,000 $2,000
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 90% 90%
Gift Funds Allowed Allowed
Max Cash in Hand $500K $500K
Non Warrantable Condos Available Available
Marketing Just Missed agency fallout, perfect for SE borrowers using bank statements for income or borrowers with a major credit event between 4-7 years SE borrowers using bank statements for income (down to a 600 FICO) or borrowers with a major credit event over 2 years
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]

Non-prime
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form

User Access
request form

Platinum info

Portfolio Select
info

Initial
Disclosures

Interest Only Flyer

Training
Video

Quick
Quote

UW
submission

Request
disclosures

Submit
Conditions

Loan
Process

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Let's talk! 800-459-7512