Enter your keyword

Criteria PORTFOLIO SELECT INVESTOR CASH FLOW
NonQM Profile Category Bank Statement; Interest Only; High LTV; Investor, Non Warrantable Condo Investor; No Income; Interest Only; Non Warrantable Condo
Documentation Full/1 Yr tax return/Bank Statement Debt Service Covergae Ratio
Maximum Loan Amount 3MM 1.5MM
Loan Term/Mortgage Rate Type 30 yr fixed or 5/1 ARM 30 yr fixed or 7/1 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 7/1 ARM I/O (30 or 40 yr)
Bankruptcy Seasoning 24 Months 24 Months
DTI 40/50% Investment properties 50% N/A
Credit Score (min) 600 640
Foreclosure, Short Sale, Deed-in-Lieu 24 Months Sort Sale – No seasonong if paid as agreed through sale date 24 Months
Occupancy Owner-Occupied, Second Home or Investmnet Property Investment Property
Min. Reserves 6 months, 12 months under certain circumstances 6 months
Residual Income (min) 2000 N/A
Max Payment Shock 2.5 N/A
Mortgage (or rent)  Payment History Max 1 x 30 x 12 0 x 30 x24
Rent Free Not Eligible Not Eligible
Max LTV 90% 80%
Gift Funds Allowed Not Allowed
Max Cash in Hand $500K $300K
Non Warrantable Condos Available Available
Marketing SE borrowers using bank statements for income (down to a 600 FICO) or borrowers with a major credit event over 2 years No Income/No ratio program designed for investors.  Program qualifies using the cash flow of the subject property only
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]

Portfolio select
Guidelines

Investor Cash
Flow Guidelines

User Access
request form

Loan submission
form

Investor Cash
Flow info

Portfolio Select
info

Initial
Disclosures

Investor Flyer

Training
Video

Quick
Quote

UW
submission

Request
disclosures

Submit
Conditions

Loan
Process

Thanks!

Let's talk! 800-459-7512