Onslow Bay is a Long-Term Residential Mortgage Investor with Direct Access to Significant Permanent Capital

Onslow Bay Financial

Onslow Bay Financial LLC (“Onslow Bay”) is a preeminent correspondent aggregator that purchases closed, funded residential whole loans from our expansive network of approved originator partners. Onslow Bay does not have an origination platform and therefore does not compete with our origination partners, making us a preferred partner.

Onslow Bay is a wholly-owned subsidiary of Annaly Capital Management, Inc., the largest mortgage REIT in the world, and has been active in acquiring expanded credit residential whole loans since 2016.

$37.1bn

Non-Agency Securitizations
Issued Since 2018

85

Securitizations Completed Under the Onslow Bay Shelf (“OBX”)

$40.5bn

Whole Loan Acquisitions
since 2016

Onslow Bay Financial Originator Partnership

Onslow Bay Financial supported our originator partners during the market volatility caused by the COVID-19 pandemic by honoring all of our outstanding whole loan commitments and continuing to provide liquidity.

 

Onslow Bay Programs

Expanded Prime Plus

  • Opportunity to qualify through full documentation (W2, tax returns, asset depletion, 1099), streamlined verification (1 year full documentation) or alternative documentation (Personal or Business Bank Statements, 12 Month Profit & Loss (PnL) and Written Verification of Employment (WVOE))
  • Product types: 3/6 ARM, 5/6 ARM, 7/6 ARM, 10/6 ARM, 15 Year Fixed, 30 Year Fixed, 40 Year Fixed
  • Minimum FICO of 660; Maximum LTVs of 90%
  • Owner occupied, investment properties and second homes available
  • Maximum DTI of 55%
  • Maximum loan sizes of $3.5 million
  • 4+ years housing event seasoning
  • Payment history: 0x30x12
  • Interest only products available

 Onslow Bay believes in common-sense lending and is willing to consider exceptions to loans outside our guides with compensating factors.

 Announcements

June 13th, 2025

Onslow Bay closed its $623.6mm non-QM transaction, OBX 2025-NQM10. This deal brings Onslow Bay’s aggregate issuance to about $37.3 billion.










May 28, 2025

Onslow Bay closed its $275.7mm non-QM transaction, OBX 2025-NQM9. This deal brings Onslow Bay’s aggregate issuance to about $36.7 billion.










May 21, 2025

Onslow Bay closed its $595.6mm non-QM transaction, OBX 2025-NQM8. This deal brings Onslow Bay’s aggregate issuance to about $36.4 billion.










 

Onslow Bay Licenses

Onslow Bay Financial LLC is an approved Fannie Mae Single Family Servicer, a Freddie Mac Single Family Seller/Servicer, a HUD Investing Mortgagee and currently holds the requisite state mortgage finance approvals or exemptions to purchase and own performing residential whole loans (1st and 2nd lien) and/or servicing rights in all 50 states and the District of Columbia.

NMLS ID# 1101477

For licensing information, please visit the NMLS Consumer Access website.

Contact Us

Onslow Bay Financial LLC

1211 Avenue of the Americas, Suite 4100
New York, NY 10036 US
Phone: 1-888-228-3861
ops@onslowbayfinancial.com

This site is not authorized by the New York State department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act.