Most of the mortgage professionals we speak to indicate that "Interest-Only" loans require a good credit history.  There are programs available to those who have experienced credit problems in the past but most lenders have credit score minimums.  These minimums may be exceeded if the borrower has compensating factors such as strong assets and low debt-to-income ratios but it is always on a case by case basis.  The chart below represents some of the average lender requirements for "Interest-Only" loans but in no way implies that there are not loans available to applicants outside of these ranges.  The information is purely for reference. To learn more about the "Interest-Only" programs available to your scenario please contact a mortgage professional in your state .

Learn how to Calculate Interest Only Loan Payments

Please note that this information should be only used for reference and is not an offer to loan at the published guidelines.  Each lender will define their own unique underwriting guidelines which may or may not be equal to the ones above.  Interest Only Loans reviews information provided by mortgage lenders and has created this section to provide potential mortgage applicants only with a general idea of what loan programs may be available.  The final details of any loan offering can only be made by licensed mortgage lenders, brokers, bankers and other institutions/individuals with the authority to do so.  In addition, not all lenders offer the same programs in all states.

Certain risks are associated with any kind of adjustable rate mortgage. The information contained in this site should be used only for reference.  Before entering into an agreement with any financial institution please consult your financial planner, accountant or any other person who is familiar with your financial profile for further information.  For more information on the terms and conditions of this website and the use of information contained please visit our legal section by clicking below.