Mortgage Options for "Just Missed" Homebuyers

Portfolio Select Home Loan

Our Portfolio Select mortgage loan is for homebuyers who just miss Prime qualifications.

Angel Oak’s Portfolio Select home loan is a full doc mortgage that only requires one year out of foreclosure, short sale, or deed-in-lieu and two years out of bankruptcy. Homebuyers with these circumstances or other credit events may not meet the requirements of strict traditional underwriting guidelines. Portfolio Select was created specifically for these “just missed” homebuyers.

  • One year seasoning for foreclosure, short sale, or deed-in-lieu
  • Two years seasoning for bankruptcy
  • Loans up to $2.5 million
  • Up to 85% LTV with no MI
  • Available for purchase, rate-term or cash-out refinance
  • Non-warrantable condos allowed


What is Alt-A?

Alt-A is a loan classification for mortgages falling between Prime and Non-QM. Angel Oak’s Portfolio Select product is specifically for the Alt-A borrower who just misses qualifying for Prime.

Is Portfolio Select a full doc loan?

Yes, this is a full documentation loan product where the borrower is able to submit all income verification documents required by the lender. Consult a licensed mortgage advisor for requirements.

What is the maximum loan amount for Portfolio Select?

Loan amounts go up to $2.5 million. Talk to a licensed mortgage advisor about loan options that exceed $2.5 million.


Mortgage Options for "Just Missed" Homebuyers

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