Loan Program
Interest-Only Loans
Lower initial payments with full flexibility
What is a Interest-Only Loans?
An interest-only mortgage allows the borrower to pay only interest charges for an initial period — typically 5, 7, or 10 years — after which the loan converts to a fully amortizing payment schedule. This keeps monthly payments lower during the IO period, which can be advantageous for high-income buyers with variable income, investors, or buyers who anticipate selling or refinancing before the IO period ends.
Key Features
- Pay interest only for 5, 7, or 10 years
- Significantly lower initial payments
- Available on jumbo loan amounts
- ARM and fixed-rate options
- Popular with real estate investors
- Strong cash flow preservation during IO period
Requirements
- Higher credit scores typically required (680+)
- Larger down payment (10–20%)
- Strong income and asset reserves
- Available on primary, second home, investment
- Must qualify at fully amortized rate
At a Glance
Min. Down Payment10%
Min. Credit Score680
Best For
- High-income earners with variable income
- Real estate investors maximizing cash flow
- Short-term property ownership plans
- Buyers in high-cost markets managing cash flow
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