Question 1

How long is the interest-only period?

Accepted Answer

Most programs offer 5 or 10 years of interest-only payments. After that, the loan fully amortizes and your payment increases.

Question 2

Can I use bank statements to qualify?

Accepted Answer

Yes. Many non-QM lenders accept 12–24 months of bank statements. This helps self-employed Ione buyers who can't show traditional W-2 income.

Question 3

Do I build equity during the IO period?

Accepted Answer

Only if the property appreciates. You pay zero principal during the interest-only phase, so equity growth depends entirely on market value.

Question 4

Is interest-only available for investment property in Ione?

Accepted Answer

Yes, and it's one of the most common uses. Investors use it to maximize monthly cash flow while holding rural Amador County properties.

Question 5

What credit score do I need?

Accepted Answer

Most non-QM lenders want 680 or higher for interest-only. Some go lower with a larger down payment. Rates vary by borrower profile and market conditions.

Question 6

How does SRK CAPITAL find me the best rate?

Accepted Answer

We shop your file across 200+ wholesale lenders. Non-QM pricing varies widely — one lender's rate can be a full point higher than another's.

Interest-Only Loans in Ione, CA — Lower Payments, More Flexibility