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The Non-QM segment is currently experiencing explosive growth in the Correspondent lending marketplace. Grab your share!

 

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

 

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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

 

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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

 

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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

 

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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

 

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© 2018 Impac Mortgage Corp. 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.