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Not every borrower or deal fits into a neat credit box or conventional program. Our Non-QM programs are designed to meet the needs of self-employed, investor, and asset-rich borrowers.

We offer competitive rates, flexible guidelines, and the white glove service brokers have come to expect from Impac.

Bank Statement

Bank Statement

For Self-Employed Borrowers

  • Qualify with 12 months of statements regardless of LTV or loan amount
  • LTV as high as 80% for cash-out refinances*
  • Up to $1M cash-out for LTV = 60%
  • No tax returns | No 4506C
  • Loan amounts up to $3M
  • FICO as low as 600 (or 700 for I/O)
  • Gift funds allowed for reserves
  • *For qualified borrowers. Restrictions may apply.
Investor

Investor

For Borrowers with Positive Cash Flow Properties

  • Qualify based on cash flow of the subject property
  • Up to 75% LTV for purchase, R/T refinance, and cash-out refinance*
  • No DTI calculated
  • DSCR < 1.00
  • Qualify for an I/O loan using I/O payment
  • No income | No employment verification | No tax returns | No 4506C
  • Borrower can own unlimited financed properties
  • *For qualified borrowers. Restrictions may apply.
Agency Plus

Agency Plus

For Borrowers Falling Just Outside Agency Guidelines

  • Jumbo alternative with I/O option
  • LTV as high as 80% for cash-out refinances*
  • Loan amounts up to $3M
  • 1 year income verification option available
  • FICO as low as 600 (or 700 for I/O)
  • DTI up to 55%
  • First time homebuyers allowed with no LTV restrictions
  • *For qualified borrowers. Restrictions may apply.
Asset Qualification

Asset Qualification

For Borrowers with High Cash Liquidity

  • Qualify based on verified liquid assets
  • No employment | No income | No 4506C
  • Loan amounts up to $3M
  • FICO as low as 660
  • Up to 90% LTV
  • Short-term rental properties allowed
Income 1099

Income 1099

For Self-Employed Borrowers with 1099

  • Qualify with current pay statements and 1 year 1099 regardless of LTV or loan amount*
  • LTV as high as 80% for cash-out refinances*
  • Up to $1M cash-out for LTV ≤ 60%
  • No tax returns required
  • Loan amounts up to $3M
  • FICO as low as 600 (or 700 for I/O)
  • Gift funds allowed for reserves**
*For qualified borrowers. Restrictions may apply.
**Primary residence only. Minimum FICO 680.
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FHA

FHA

Full Doc:
  • FICO as low as 600
  • LTV up to 96.50% for purchase, 97.75% for rate/term refinance, and 80% for cash-out refinance transactions
  • DTI’s > 50% with AUS approval
  • Typically no reserve requirements for 1 and 2-unit properties
Streamline Refinance:
  • FICO as low as 600
  • No max LTV (as long as maximum mortgage calculation is applied)
  • No appraisal or credit qualification required (provided minimum FICO is met)
Jumbo

Jumbo

  • Loan amounts up to $3.5M (purchase or rate/term refi)
  • Available on primary residence, second homes, and investment properties
  • LTV up to 90% for primary residence purchase
  • FICO as low as 660
  • Gift funds allowed
Conventional

Conventional

  • Fannie Mae High Balance & Freddie Mac Super-Conforming loan amounts available
  • FICO as low as 620
  • Cash-out refi available with Primary Residence and Second Home
  • Property Types: 1 unit attached or detached SFR, PUD, condo, or 2-4 unit
  • Multiple fixed terms: 15, 20, & 30 year
VA Loans

VA Loans

  • Purchase, Cash-Out, & IRRRL (Streamline)
  • Minimum 580 FICO for purchases and cash-out refi
  • Minimum 580 FICO for IRRRL
  • Loan amounts to $3M
  • VA IRRRLs and Purchase up to 100% LTV (Use AVM or appraisal)
  • Subordinate financing allowed