Call Us Today! 877-310-0970
Bigger Loans, Bigger Rewards on all iQM Loans

 

Bank Statement Premier
For Highly Qualified Self-Employed Borrowers

  • Qualify with 12-months of bank statements and get a floor rate as low as 4.99%
  • Loans up to $3MM | Cash Out Refi to $2.5MM
  • Approved property types: SFR’s, PUD’s, Condos, 1-4 Units
  • Debt to income ratio up to 43% allowed with minimum FICO score of 680
  • Minimum reserves of 6 months and no mortgage lates for 24 months is required
  • One Borrower must be self-employed and may have a W-2 co-borrower
  • Borrower may use an asset amortization formula to derive additional qualifying income

 

See Our Pricing
iQM Bank Statement
For Self-Employed Borrowers

  • Qualify with 12-months bank statements
  • Loans up to $3MM
  • Cash Out Refi to $2.5MM
  • Property Types: SFR’s, PUD’s, Condos, 1-4 Units
  • DTI up to 55%
  • Min FICO score 600
  • Min reserves – 3 Months
  • No more than 1 mortgage lates in past 12 months
  • One borrower must be self-employed and may have a W-2 co-borrower
  • Borrower may use an asset amortization formula to derive additional qualifying income

 

See Our Pricing

iQM Investor
For Professional Real Estate Investors

  • Qualify with subject property cash flow
  • Avoid hard money loans
  • Unlimited financed properties allowed
  • No tax returns, employment, income or DTI ratios required
  • Loans up to $2.5MM
  • Cash Out Refi up to $2.0MM
  • Property Types: SFR’s, PUD’s, Condos, 1-4 Units

 

See Our Pricing
iQM Asset Qualification
For Borrowers with High Cash Liquidity

  • Qualify based on verified liquid assets
  • Usable Assets: Bank Statements, Stocks & Bonds, 401K, Mutual Funds
  • No employment or income on 1003
  • 4506T not required
  • No DTI ratio calculated
  • Loan amounts up to $3MM
  • Cash Out Refi up to $2.5MM
  • Min FICO score 600
  • Property Types: SFR’s, PUD’s, Condos, 1-4 Units

 

See Our Pricing

iQM Agency Plus

For Conforming & Jumbo Loans, and Owners of Multiple Properties Falling Just Outside Qualified Mortgage Parameters
  • Qualify with full documentation
  • Up to 8 financed properties allowed
  • DTI up to 55%
  • Min FICO Score 600
  • Loan amounts up to $3MM
  • Cash Out Refi up to $2.5MM
  • Min reserves – 3 Months
  • No More than 1 Mortgage Lates in past 12 Months

 

See Our Pricing

FHA
Low Down Payment Options

  • 3.5% minimum down payment
  • 580 minimum credit score
  • Fixed rate 15 and 30-year term, fully amortized, including high balance
  • 3/1 and 5/1 ARM, 30-year fully amortized, including high balance
  • No Max DTI Overlay – TOTAL Scorecard determines ratios
  • No trade line minimum with minimum 620 credit score. Manual underwrite – will consider extenuating circumstances
  • Manufactured housing available
  • Good Neighbor Next Door (Neighborhood Stabilization Program) available on loans meeting guidelines
  • 1×30 mortgage late in the last 12 months is allowed with Total Scorecard approval

 

See Our Pricing
VA
For Veterans with No Down Payment

  • 100% maximum LTV, excluding the financed funding fee
  • 580 Minimum credit score
  • Fixed rate 15 and 30-year term, fully amortized, including high balance
  • 3/1 and 5/1 ARM, including high balance
  • Manufactured housing available
  • IRRLs 100/115 (use AVM [requires 680 score] or appraisal)
  • Cash-out (1-4 units): 100% of the reasonable value

 

See Our Pricing

Fannie Mae | Freddie Mac
1st-Time & Move Up Buyers

  • Conforming and high-balance FRM
  • Fixed rate: 15, 20 and 30-year terms
  • HomeReady/Home Possible programs
  • DU Refi Plus/Open Access programs

 

See Our Pricing

Copyright © 2018 Impac Mortgage Corp. All rights reserved. NMLS #128231. www.nmlsconsumeraccess.org. Rates, fees and programs are subject to change without notice. Other restrictions may apply. Information is intended solely for mortgage bankers, mortgage brokers, financial institutions and correspondent lenders. Not intended for distribution to consumers, as defined by Section 1026.2 of Regulation Z, which implements the Truth-In-Lending Act. Licensed by the Department of Business Oversight, under the California Residential Mortgage Lending Act (License #4131083). In the state of New York, Impac Mortgage Corp. dba Excel Mortgage. Equal Housing Lender.