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Units

Credit Score

LTV

CLTV

Minimum Loan Amount

Maximum Loan Amount

Primary Residence – Purchase and Rate & Term Refinance
1-4 Units 680 80%
70%
60%
80%
70%
60%
$100,000 $1.0M
$2.0M
$3.0M
1-4 Units 620 75%
65%
55%
75%
65%
55%
$100,000 $750K
$1.0M
$1.5M
Primary Residence Cash-Out Refinance

1-4 Units

720 80%
70%
60%
80%
70%
60%
$100,000

$750K
$1.5M
$2.0M

1-4 Units

680 75%
65%
55%
75%
65%
55%
$100,000

$750K
$1.5M
$2.0M

1-4 Units 620 70%
60%
50%
70%
60%
50%
$100,000 $750K
$1.0M
$1.5M
Second Home – Purchase and Rate & Term Refinance
*2-unit second homes must be in a recognized vacation area (see Occupancy)

1 -2* Units

720 80%
70%
60%
80%
70%
60%
$100,000

$1.0M
$1.5M
$2.5M

1 -2* Units

680 80%
70%
60%
80%
70%
60%
$100,000

$750K
$1.0M
$2.0M

1 -2* Units

620 70%
60%
50%
70%
60%
50%
$100,000

$750K
$1.0M
$1.5M

Second Home – Cash-Out Refinance
*2-unit second homes must be in a recognized vacation area (see Occupancy)

1 -2* Units

720 75%
65%
55%
75%
65%
55%
$100,000

$750K
$1.5M
$2.0M

1 -2* Units

680 70%
60%
50%
70%
60%
50%
$100,000

$750K
$1.0M
$2.0M

1 -2* Units

620 65%
55%
45%
65%
55%
45%
$100,000

$750K
$1.0M
$1.5M

Investment Property – Purchase and Rate & Term Refinance

1-4 Units

720 80%
70%
60%
80%
70%
60%
$100,000

$1.5M
$1.5M
$2.5M

1-4 Units

680 80%
70%
60%
80%
70%
60%
$100,000

$750K
$1.0M
$2.0M

1-4 Units

620 70%
60%
50%
70%
60%
50%
$100,000

$750K
$1.0M
$1.5M

Investment Property – Cash-Out Refinance

1-4 Units

720 75%
65%
55%
75%
65%
55%
$100,000

$750K
$1.5M
$2.0M

1-4 Units

680 70%
60%
50%
70%
60%
50%
$100,000

$750K
$1.0M
$2.0M

1-4 Units

620 65%
55%
45%
65%
55%
45%
$100,000

$750K
$1.0M
$1.5M

View Program Guidelines >>

Last Updated: 05/09/17 at 9:35 am PST


© 2017 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.