Angel Oak Mortgage Solutions for South Dakota investors
Angel Oak Mortgage Solutions is a broker-only wholesale DSCR lender requiring a minimum 680 credit score and a firm 1.00 minimum DSCR. Loan sizes run $100,000 to $3,000,000. Maximum LTV is reported at 85% by one source and roughly 80% by another; this listing uses 85% — confirm the applicable limit directly with a broker. Licensed in 43 states.
South Dakota context
South Dakota no state income tax. Strong LLC privacy. Rapid City STR (Mount Rushmore).
How Angel Oak Mortgage Solutions positions in South Dakota
The South Dakota lender pool for DSCR includes Angel Oak Mortgage Solutions among the active platforms. South Dakota top metros (Sioux Falls, Rapid City, South Dakota) see meaningful Angel Oak Mortgage Solutions loan volume.
City-level coverage in South Dakota
Angel Oak Mortgage Solutions provides DSCR coverage across South Dakota metros including Sioux Falls, Rapid City, and South Dakota. Within each metro, submarket variation drives deal-specific underwriting more than lender selection. Angel Oak Mortgage Solutions program terms apply uniformly across South Dakota metros; the specific deal characteristics determine final pricing.
Terms and pricing
| Loan type | DSCR non-QM institutional |
|---|---|
| Products | rental DSCR |
| Loan size | $100K - $3.0M |
| Rates | Not publicly published |
| Points | Not publicly published |
| Max LTV | 85% of ARV |
| Term lengths | Not publicly published |
| Typical close time | Not publicly published |
| South Dakota property tax | 1.2% |
| South Dakota state income tax | None |
Angel Oak Mortgage Solutions strengths in South Dakota
- Broker-only wholesale DSCR platform
- Firm 1.00 minimum DSCR — no below-1.0 program
- Licensed in 43 states
- Loan sizes from $100K to $3M
Ideal borrower: Broker-originated borrower with a fully qualifying 1.00+ DSCR and 680+ credit score.
FAQ
Yes, operates nationally including South Dakota. Angel Oak Mortgage Solutions is based in an undisclosed location and operates nationally.
Sioux Falls is the top investor market in South Dakota and falls within Angel Oak Mortgage Solutions national coverage. Sioux Falls property tax follows the South Dakota state rate of 1.2 percent. Angel Oak Mortgage Solutions typically underwrites Sioux Falls acquisitions at standard rate sheets.
Yes. Rapid City ranks among the larger South Dakota investor metros and sees consistent DSCR loan volume from Angel Oak Mortgage Solutions. Submarket variation within Rapid City matters for property selection.
Angel Oak Mortgage Solutions applies the same rate sheet across South Dakota metros. Pricing variation comes from property-specific factors rather than metro location within the same state. Sioux Falls, Rapid City, and South Dakota all qualify for the same Angel Oak Mortgage Solutions program.
Angel Oak Mortgage Solutions does not publish a rate sheet. Pricing is quoted per deal and depends on credit, leverage, coverage ratio and experience.
South Dakota no state income tax. Strong LLC privacy. Rapid City STR (Mount Rushmore). Angel Oak Mortgage Solutions follows standard business-purpose loan structures.
Angel Oak Mortgage Solutions funds rental DSCR in South Dakota.
South Dakota allows standard DSCR prepay structures; Angel Oak Mortgage Solutions typically uses 3-5 year step down.
Angel Oak Mortgage Solutions typical close: Not publicly published.
Bottom line
For South Dakota DSCR borrowers, Angel Oak Mortgage Solutions is one option among many. Compare against 2-3 lender programs before committing.
Independent directory listing. DSCR Loan Program is not affiliated with Angel Oak Mortgage Solutions.