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Shafter sits in Kern County, a market where ag investors and logistics operators buy property for income — not just appreciation. Interest-only loans fit that mindset well.
Lower monthly payments mean more capital stays liquid. For buyers with irregular income or investment strategies, that flexibility matters more than building equity fast.
680+
Min Credit Score
20–30%
Down Payment
5–10 Years
IO Period
Non-QM
Loan Type
Interest-Only Loans in Shafter
Interest-only loans are non-QM products. That means lenders set their own rules — but expect to show strong assets, solid income, or both.
Most lenders want a 680+ credit score and 20–30% down. Self-employed borrowers can often qualify using bank statements instead of tax returns.
Local decision guide
Use this guide to connect interest-only loans eligibility, lender expectations, and local market factors before comparing payment options in Shafter.
Shafter sits in Kern County, a market where ag investors and logistics operators buy property for income — not just appreciation. Interest-only loans fit that mindset well.
Lower monthly payments mean more capital stays liquid. For buyers with irregular income or investment strategies, that flexibility matters more than building equity fast.
Interest-only loans are non-QM products. That means lenders set their own rules — but expect to show strong assets, solid income, or both.
Retail banks rarely offer interest-only products anymore. Most of the live programs sit with non-QM wholesale lenders — which is exactly where we operate.
SRK CAPITAL works with 200+ wholesale lenders. That reach matters for a niche product like this. One lender's pricing can be dramatically better than another's.
The interest-only period typically runs 5–10 years. After that, payments fully amortize — and they jump. Know your exit before you close.
We see this loan work best for two borrower types: investors who plan to sell or refi before amortization kicks in, and high earners with lumpy income who want payment flexibility.
A DSCR loan prices off rental income. An interest-only loan prices off your personal profile. Both are non-QM — but they solve different problems.
ARMs also offer lower initial payments, but interest-only loans give you more control over cash flow without the rate-reset risk in the early years.
Shafter's economy runs on agriculture, warehousing, and trucking. Many borrowers here are business owners whose income doesn't fit a W-2 box.
That non-traditional income profile makes interest-only non-QM loans a natural fit. You can qualify on cash flow, assets, or bank statements — not just a pay stub.
No. You're only covering interest, so your balance doesn't shrink. Equity builds through appreciation, not paydown.
Payments jump as the loan fully amortizes over the remaining term. Plan to sell, refinance, or absorb the higher payment.
Yes. Many non-QM lenders accept 12–24 months of bank statements. Tax returns aren't always required.
It can be. Lower payments improve monthly cash flow. Pair it with a clear hold or exit strategy.
Expect a higher rate than conventional. Non-QM carries more lender risk. Rates vary by borrower profile and market conditions.