Angel Oak Mortgage Solutions
Angel Oak is one of the largest non-QM loan securitizers in the US, which means they originate DSCR loans and package them into bonds sold to institutional investors. That scale gives them competitive pricing on standard deals. Their DSCR product goes down to 0.75 and up to 85% LTV for borrowers with 720+ FICO scores. They accept STR income verified through AirDNA or appraiser estimates. One limitation: a cap of 5 DSCR loans per borrower, which matters if you are scaling a portfolio. They do not lend in New York.
- One of the largest non-QM securitizers (institutional pricing)
- 85% LTV for 720+ FICO borrowers
- Sub-1.0 DSCR accepted at reduced LTV
- Foreign national program (permanent and non-permanent residents)
- Max 5 DSCR loans per borrower
Loan requirements
| Minimum DSCR | 0.75 (at median of 0.75) |
| Minimum FICO | 680 (above median of 660) |
| Max LTV (purchase) | 85% (#1 highest among 16 lenders) |
| Max LTV (cash-out) | 80% |
| Min loan amount | $100,000 |
| Max loan amount | $3,000,000 |
| Prepayment penalty | varies |
| BRRRR seasoning | Not disclosed |
Programs and coverage
| Short-term rentals (STR) | Yes (income via airdna or appraiser) |
| Foreign nationals | Yes |
| State coverage | 49 states, excludes NY |
| Channel | Wholesale (via brokers) |
Best for
- Investors with thin-margin properties (sub-1.0 DSCR)
- Investors who want maximum leverage (85% LTV)
- Short-term rental (Airbnb/VRBO) investors
- Foreign national investors
How Angel Oak Mortgage Solutions compares
Across the 16 DSCR lenders in our database:
- DSCR floor of 0.75 matches the market median.
- FICO minimum of 680 is above the median (660), so they are more selective on credit.
- 85% max LTV is among the highest in the market. More leverage means less cash out of pocket, but also less equity cushion.
- STR program available. 12 of 16 lenders in our dataset accept short-term rentals.
- Foreign national program available. 7 of 16 lenders in our dataset serve foreign nationals.
For a full side-by-side comparison, see the lender comparison matrix. Or use the DSCR loan qualifier to find which lenders match your specific deal.
Run your numbers
Before reaching out to Angel Oak Mortgage Solutions, model your deal:
- DSCR Calculator to verify your property's debt service coverage ratio
- DSCR Loan Calculator to estimate monthly payments and qualification
- Airbnb/STR DSCR Calculator to model short-term rental income scenarios
- Cash-Out Refi Calculator to see how much equity you can pull out
Frequently asked questions
Is Angel Oak Mortgage Solutions a good DSCR lender?
Angel Oak Mortgage Solutions is a legitimate DSCR lender with terms last verified on 2026-06-11. Whether they are a good fit depends on your specific deal. Their 0.75 DSCR floor is in line with the market median of 0.75. Compare their terms against 2-3 other lenders before committing.
What is the minimum credit score for Angel Oak Mortgage Solutions?
Angel Oak Mortgage Solutions requires a minimum FICO score of 680. This is within the standard range for DSCR lenders. Higher scores (740+) will qualify for better rates and higher LTV.
Does Angel Oak Mortgage Solutions do short-term rental loans?
Yes, Angel Oak Mortgage Solutions offers DSCR loans for short-term rentals (Airbnb, VRBO). They verify STR income using airdna or appraiser. STR programs typically come with slightly lower max LTV and potentially higher DSCR requirements compared to long-term rental programs.
Does Angel Oak Mortgage Solutions work with foreign national investors?
Yes, Angel Oak Mortgage Solutions has a foreign national program. Terms may differ from their standard program, including reduced LTV and higher reserves.
What states does Angel Oak Mortgage Solutions lend in?
Angel Oak Mortgage Solutions's coverage: 49 states, excludes NY. DSCR lender state coverage changes over time based on licensing and regulatory requirements. Always confirm your state is covered before starting an application.
What is the prepayment penalty at Angel Oak Mortgage Solutions?
Angel Oak Mortgage Solutions's prepayment penalty structure is: varies. Compare this against other lenders if you might exit within the penalty period.