Depending on the lender you choose, the type of property, your income, employment status and hundreds of other factors lending guidelines can vary to great extremes in this industry.  If someone tells you right away they can do your loan without asking the basic questions please always call someone else.  It takes a few minutes to analyze each scenario and although nearly every deal is possible, you may not be speaking with a lender who has the right product for you.

Libor and "Interest-Only" loans do not have general "across the board" guidelines such as those for conforming fixed rate loans so we have compiled some guidelines from many of the top lenders to provide some assistance in determining which product is right for you.  Please remember that these are just some of the possible limits and options.  Mortgage programs change often and each lender may have certain areas which they can exceed limitations with a strong application package.  Once again, this information is strictly for reference purposes and if you want to ensure that you meet a lenders current guidelines for interest only loans please contact a mortgage professional in your state .

• Minimum Credit Score Requirements
• Income Requirements and Available Program Options
• Loan To Value
• Cash Out Refinance Loan Limits
• Types of Property
• States Available
• Frequently Asked Questions

Learn how to Calculate Interest Only Loan Payments

* Every home loan is different and the terms of your note or the terms of the loan you are searching for may use a different method of calculating your mortgage payment than the calculator above.  This tool is provided purely for comparative reasons and may / may not reflect the actual payments of your loan.  It is imperative you consult with a mortgage professional or your existing lender for exact payment figures.  We are not responsible for any typographical errors, omissions or mistakes.  See our terms of use for more information.

Consult a licensed mortgage professional for details pertaining to any and all available home loan programs.  Not every applicant qualifies nor is every program available for each unique borrower.  We are not a lender or broker - this website is purely educational and not an offer to loan or extend credit for any reason.  No part of this web site may be reproduced or transmitted in any form by any means graphic, electronic, or mechanical without permission in writing from the publisher.  All logos, trademarks and other propriety marks belong to their respective owners and do not reflect an association or recommendation by any of the parties.  Your use of this site signifies your consent and agreement to our terms of use .   For more information on our privacy policy please click here .