Most "Interest-Only" loan programs are eligible for the main property types (see below). However some condominiums and planned unit developments may have wording in their association agreements or registration status (such as recreational leases) that may limit the lenders who will finance your home. If you want to ensure that your home meets current lending guidelines for interest only loans please contact a mortgage professional in your state .
Single Family Detached
Single Family Attached
Eligible Condos - Low Rise and High Rise
Eligible PUD Units
2-4 Units
Note: Co-Ops and Mixed Use Properties may be available for financing but there are extreme limitations on these types of properties. Contact a mortgage professional for more information on what these limitations are but always make sure you explain the property type at the time of application (or before) to save any future delays in processing your application.
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* 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.
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