Enter your keyword

Table 1 of 5

Criteria PLATINUM PLATINUM >90%
NonQM Profile Category Bank Statement; Interest Only; High LTV; Non Warrantbale Condo High LTV; Non Warrantable Condo
Documentation Full/1 Yr tax return/Bank Statement Full
Maximum Loan Amount 3MM 1.5MM
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) N/A
Bankruptcy Seasoning 48 Months 48 Months
DTI 40/50% 35/40%
Credit Score (min) 660 720
Foreclosure, Short Sale, Deed-in-Lieu 48 Months 48 Months
Occupancy Owner-Occupied or Second Home Owner-Occupied
Min. Reserves 6 months 12 months
Residual Income (min) 3000 3000
Max Payment Shock 350%      FTHB – 250% 350%    FTHB – 250%
Mortgage (or rent)  Payment History 1 x 30 x 12 or 2 x 30 x 24 0 x 30 x 12
Rent Free Not Eligible Not Eligible
Max LTV 90% 95%
Gift Funds Allowed Not Allowed
Max Cash in Hand $500K N/A
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 Just Missed agency/Jumbo fallout    95% LTV up to $1.5MM
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)

Table 2 of 5

Criteria PLATINUM ASSET QUALIFER PLATINUM 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% 350%    FTHB – 250%
Mortgage (or rent)  Payment History 1 x 30 x 12 or 2 x 30 x 24 1 x 30 x 12 or 2 x 30 x 24
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)

Table 3 of 5

Criteria PORTFOLIO SELECT PORTFOLIO SELECT ASSET QUALIFER
NonQM Profile Category Bank Statement; Interest Only; High LTV; Investor, Non Warrantable Condo Asset Qualifier; Interest Only; Non Warrantable Condo
Documentation Full/1 Yr tax return/Bank Statement 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 24 Months 60 Months
DTI 40/50% Investment properties 50% 40/50%
Credit Score (min) 600 700
Foreclosure, Short Sale, Deed-in-Lieu 24 Months Sort Sale – No seasonong if paid as agreed through sale date 60 Months
Occupancy Owner-Occupied, Second Home or Investmnet Property Owner-Occupied
Min. Reserves 6 months, 12 months under certain circumstances 6 months
Residual Income (min) 2000 1300
Max Payment Shock 250% 250%
Mortgage (or rent)  Payment History Max 1 x 30 x 12 Max 1 x 30 x 12
Rent Free Not Eligible Not Eligible
Max LTV 90% 75%
Gift Funds Allowed Not Allowed
Max Cash in Hand $500K N/A
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 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)

Table 4 of 5

Criteria NON-PRIME  ≤ 80% NON-PRIME >80%
NonQM Profile Category Fresh Start; Low Score; Non Warrantable Condo Fresh Start; High LTV; Non Warrantable Condo
Documentation Full Full
Maximum Loan Amount 1MM 750K
Loan Term/Mortgage Rate Type 30 yr fixed or 5/1 ARM 30 yr fixed or 5/1 ARM
Interest Only N/A N/A
Bankruptcy Seasoning N/A N/A
DTI 40/50% Investment properties 50% 40/50%
Credit Score (min) 500 600
Foreclosure, Short Sale, Deed-in-Lieu No Seasonong 12 Months
Occupancy Owner-Occupied, Second Home or Investmnet Property Owner-Occupied
Min. Reserves 3 months, 6-12 months under certain circumstances 3 months, 6-12 months under certain circumstances
Residual Income (min) 1500 1500
Max Payment Shock 350% 350%
Mortgage (or rent)  Payment History 120’s allowed in past 12 months               0x30 FTHB Max 1 x 30 x 12
Rent Free Eligible Eligible
Max LTV 80% 90%
Gift Funds Allowed Allowed
Max Cash in Hand $500K N/A
Non Warrantable Condos Available Available
Marketing 75% LTV for credit scores down to 500   80% LTV for credits scores at 540 Debt Consolidation up to 90% LTV
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)

Table 5 of 5

Criteria FOREIGN NATIONAL INVESTOR CASH FLOW
NonQM Profile Category Foreign National; Investor; Non Warrantable Condo Investor; No Income; Interest Only; Non Warrantable Condo
Documentation Full Debt Service Covergae Ratio
Maximum Loan Amount 750K 1.5MM
Loan Term/Mortgage Rate Type 30 yr fixed or 5/1 ARM 30 yr fixed or 7/1 ARM
Interest Only N/A 30 or 40-Year Fixed I/O or 7/1 ARM I/O (30 or 40 yr)
Bankruptcy Seasoning N/A 24 Months
DTI 50% N/A
Credit Score (min) N/A 640
Foreclosure, Short Sale, Deed-in-Lieu N/A 24 Months
Occupancy Investment Property Investment Property
Min. Reserves 12 months + 2 for each addional property 6 months
Residual Income (min) N/A N/A
Max Payment Shock 350% N/A
Mortgage (or rent)  Payment History 0 x 30 x24 0 x 30 x24
Rent Free Not Eligible Not Eligible
Max LTV 75% 80%
Gift Funds Not Allowed Not Allowed
Max Cash in Hand $300K $300K
Non Warrantable Condos Available Available
Marketing Program is for borrowers that live and work outside of the US 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]

Nations Scenario Desk:

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

Platinum
Guideline

Portfolio select
Guidelines

Non Prime
Guidelines

Foreign National
Guidelines

Investor Cash
Flow Guidelines

Platinum
info

Portfolio select
info

Non prime
info

Foreign National
info

Investor Cash
Flow info

Loan submission
form

User Access
request form

Asset Qualifier
info

Initial
Disclosures

Training Video

Quick Quote

Submit
Conditions

Thanks!

Let's talk! 800-459-7512