Performance Jumbo

Angel Oak‘s Traditional In-House JUMBO Loan Product. The Performance Jumbo program allows us to control the entire loan process from set up to servicing. Total control of the process helps increase speed and efficiency allowing faster turn times.

  • In-House Underwriting, Processing and Closing
  • All loans are serviced by Angel Oak Home Loans
  • Aggressive Fixed and ARM rates
  • Primary and Second Homes
  • 80% to $1,500,000-Higher case by case basis

For more information contact us here or fill out a loan inquiry

Portfolio Select

Don’t let your clients “just miss” their homebuying opportunity.

The portfolio select program from angel oak home loans is designed for buyers who may otherwise “just miss” the requirements of today’s strict conventional underwriting guidelines.

  • Loans to $3 Million (Minimum $75,000)
  • 620 Minimum Credit Score
  • Up to 90% LTV (No MI)
  • Interest Only Program Available*
  • Cash Out for Reserves OK
  • Gift funds allowed
  • 5/1 ARM or 30-year fixed
  • Seller Concessions to 6% (2% for Investment)
  • 2 Years Seasoning for Foreclosure, Short Sale, Bankruptcy, Deed In Lieu
  • Owner-Occupied, 2nd Homes, Investment Properties allowed
  • Non-Warrantable Condos Considered
  • No Pre-Pay Penalty for Owner-Occupied and/or 2nd Homes
  • SFRs, Townhomes, Condos, 2-4 Units
  • DTI up to 50% considered
  • 1 year tax return program for self-employed available

*Interest-only options will not be available in all states. Please contact your lma for more details.

For more information contact us here or fill out a loan inquiry

Platinum

Jumbo program with only 10% down.

  • Loans available up to $3 million
  • Credit scores as low as 660
  • Available documentation types include: Full doc, 12 or 24 month bank statements
  • LTV’s up to 90% to $2.5 million
  • Interest only options*
  • Primary and secondary homes

*Interest-only options will not be available in all states. Please contact your Licensed Mortgage Advisor for more details.

Home$ense

Waiting years to buy a home is no longer necessary.

  • 1 Day out of Foreclosure, Short Sale, Bankruptcy, Deed In Lieu
  • 500 Minimum Credit Score (Including Jumbo Loans)
  • Mortgage Lates Are OK
  • No Active Tradelines OK with housing history
  • Loans to $1 million (Over $1M case by case)
  • Up to 90% LTV with No MI
  • 100% Gift Funds Allowed
  • 5/1 ARM or 30-year fixed
  • Seller Concessions to 6% (2% for investment)
  • DTI Up to 50% Considered
  • Owner-occupied, 2nd homes, Investment Properties
  • Non-Warrantable Condos Considered
  • No pre-pay penalty for owner-occupied and/or 2nd homes
  • SFRs, Townhomes, Condos, 2-4 Units
  • Up to 100% Investor Concentration Allowed

For more information contact us here or fill out an loan inquiry

Investor Cash Flow

Attention real estate investors – Are you looking to expand or build your real estate portfolio?

Our investor cash flow program was created to serve your real estate investment goals.

  • No personal income used to qualify
  • Qualification based on property cash flow
  • 680 minimum credit score
  • Up to 75% LTV
  • Pull cash out to buy additional propertie
  • Max cash out $300,000 at 65% LTV
  • Interest Only Option†

*These products may have a higher interest rate, more points or more fees than other products requiring documentation.

†Interest-only options may not be available in all states. Please contact your LMA for more details.

For more information contact us here or fill out an loan inquiry

ARMs

Most suitable for borrowers who are seeking the flexibility of a lower rate but do not plan on staying in their home up to 15-30 years.

  • 5, 7 & 10 Year ARM options available (amortized over 30 years)
  • Loan amounts to $3,000,000
  • Max LTV 80%
  • Primary and second homes

For more information contact us here or fill out an loan inquiry

VA

Calling all veterans – The VA home loan program can help your dreams come true.

  • Up to 100% financing available
  • No monthly mortgage insurance
  • Surviving spouse may be eligible, as determined by VA
  • You must be a Veteran, Active Duty Military or member of the Reserves
  • Fixed rate Mortgages: 10, 15, 30 year
  • Adjustable rate mortgages (5 year fixed)

For more information contact us here or fill out an loan inquiry

FHA

The Federal Housing Administration Loan (FHA) is most suitable for borrowers who are looking for a lower down payment option on a purchase or to refinance a current FHA loan.

Down payment requirements can be low
In contrast to conventional mortgage products, which frequently require down payments of 5% to 20% depending on your credit history, FHA makes it possible to reduce your down payment to as little as 3.5% on multiple types of properties.

Down payment can be accepted as a gift
The down payment can be 100% gifted from a family member or in some cases a charitable organization. Verification of the source of the gift funds is required. The gift funds must be deposited into the borrower’s bank, or in an escrow account, prior to underwriting approval. Cash gifts are not allowed and proof of deposit is required.

  • The FHA streamline program currently allows borrowers an opportunity to refinance with no appraisal
  • Seller can contribute up to 6% of the borrower’s closing costs

For more information contact us here or fill out an loan inquiry

USDA

This program is administered by USDA Rural Development, which serves the public through more than 800 field offices nationwide. USDA offers borrowers with low to moderate income an opportunity for better affordable housing finance options with little or no down payment.

  • 100% financing available to qualified borrowers
  • Closing costs can potentially be covered by the seller or financed into the loan
  • No down payment required

For more information contact us here or fill out an loan inquiry

Fixed Rate

Most suitable for borrowers who are looking for rate stability and plan on being in mortgage for an extended timeframe.

  • Loan amounts up to $424,100
  • Fixed Rate Mortgage (10, 15, 30 year)
  • Adjustable Rate Mortgage (10, 15, 30 year)
  • 30 year fixed conventional

For more information contact us here or fill out an loan inquiry

Bank Statement

Have a self-employed client who has had difficulty obtaining a mortgage?

Angel Oak Home Loans Bank Statement Program allows self-employed borrowers the ability to qualify based on a 12 or 24 month average of deposits using their personal or business bank account.

  • No Tax Returns Required
  • Personal Bank Statement qualified based on 12 month average monthly deposits**
  • Business Bank Statement qualified based on 24 month average monthly deposits**
  • 620 Minimum Credit Score
  • Up to 90% LTV (No MI) allowed on Personal and Business
  • Loans to $3 Million (Minimum $150,000)
  • Interest Only Available*
  • 5/1 ARM or 30-year fixed
  • 2 Years Seasoning for foreclosure, short sale, bankruptcy, deed In lieu
  • Owner-Occcupied, 2nd homes, investment properties allowed
  • Non-warrantable condos considered
  • Gift funds allowed
  • No pre-pay penalty for owner-occupied and/or 2nd homes
  • SFRs, town homes, condos, 2-4 units
  • DTI above 40/45% with no additional reserve requirement

*Interest-only options will not be available in all states. Please contact your lma for more details. These products may have a higher interest rate, more points or more fees than other products requiring documentation.
**Verification of expense ratio required from CPA

For more information contact us here or fill out an loan inquiry 

Jumbo Buster

More home for less money down.

  • 80/15 combo, agency 1st, in-house 2nd
  • Expand your mid-range jumbo buyer pool
  • Up to $792,700 sales price with only 5% down
  • Interest-only options available*

*Interest-only options will not be available in all states. Please contact your lma for more details.

For more information contact us here or fill out an loan inquiry

CA Jumbo Buster

More home for less money down.

  • 80/15 combo, agency 1st, in-house 2nd
  • Expand your mid-range jumbo buyer pool
  • Up to $762,000 sales price with only 5% down
  • Interest-only options available*

*Interest-only options will not be available in all states. Please contact your lma for more details.

For more information contact us here or fill out an loan inquiry

Foreign National

Have foreign clients looking to purchase in the US? Products available for second homes or investment.

  • Up to 75% LTV
  • Loan amounts up to $750,000
  • No SSN or ITIN required
  • Single-family residence, including townhomes and condos
  • Foreign nationals only (no diplomatic immunity)
  • Purchase and refinance available, C/O allowed
  • Non-us credit accepted
  • Self-employed: Minimum 2 years verified by CPA in country of origin with income verification

For more information contact us here or fill out an loan inquiry

Credit Buster

Sell more homes with the credit buster loan.

If you need a super hero loan program to save the day, Angel Oak Home Loans has the solution for you! Let AOHL put our “super powers” to work with the Credit Buster loan. A FHA Program that allows credit scores below 580.

  • 500 minimum credit score
  • Max LTV 90%
  • Max ratios of 31/43 for energy efficient homes 33/45
  • Must be DU approve/eligible
  • Gifts allowed-NO DPA or grants allowed
  • Single family and condominiums

For more information contact us here or fill out an loan inquiry

Asset Qualifier

Perfect for borrowers with high net worth and significant assets.

  • No employment, no income, no DTI
  • Primary residence, purchase only
  • Credit score 700 minimum
  • Loans up to $3 million (minimum $150,000)
  • 5 years seasoning for foreclosure, short sale, or bankruptcy
  • Maximum LTV-75%
  • Borrowers must have a minimum of $500,000 post closing assets.
  • Qualifying assets can be retirement, checking, savings accounts and stocks.
  • All assets must be sourced and seasoned for a minimum of 12 months

For more information contact us here or fill out an loan inquiry