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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
For Self-Employed Borrowers
- Loan amounts up to $3M
- LTV as high as 80% for cash-out refinances*
- FICO as low as 680 (or 700 for I/O)
- Qualify with 12 months of statements regardless of LTV or loan amount
- Up to $1M cash-out for LTV ≤ 60%
- No tax returns | No 4506C
- Gift funds allowed for reserves *For qualified borrowers. Restrictions may apply.
Investor
For Borrowers with Positive Cash Flow Properties
- Loan amounts up to $2.5M
- Up to 75% LTV for purchase and R/T refinance*
- Minimum FICO of 680 (or 700 for I/O)
- Qualify based on cash flow of the subject property
- No income | No employment verification | No tax returns | No 4506C
- No DTI calculated
- Borrower can own unlimited financed properties *For qualified borrowers. Restrictions may apply.
Agency Plus
For Borrowers Falling Just Outside Agency Guidelines
- Loan amounts up to $3M
- LTV as high as 80% for cash-out refinances*
- Minimum FICO of 680 (or 700 for I/O)
- 1 year income verification option available
- Jumbo alternative with I/O option
- First-time homebuyers allowed with no LTV restrictions *For qualified borrowers. Restrictions may apply.
Asset Qualification
For Borrowers with High Cash Liquidity
- Loan amounts up to $3M
- Up to 80% LTV
- Minimum FICO of 680
- Qualify based on verified liquid assets
- No employment | No income | No 4506C
- Short-term rental properties allowed
Income 1099
For Self-Employed Borrowers with 1099
- Loan amounts up to $3M
- LTV as high as 80% for cash-out refinances*
- Minimum FICO of 680 (or 700 for I/O)
- Qualify with current pay statements and 1 year 1099 regardless of LTV or loan amount*
- Up to $1M cash-out for LTV ≤ 60%
- No tax returns required
- Gift funds allowed for reserves**
**Primary residence only. Minimum FICO 680.
More Products
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
- 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
- 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