30 Oct 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 two years seasoning from a foreclosure, short sale, bankruptcy or deed-in-lieu. 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.
- Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- 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
FAQs
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.
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