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Wasco is an agricultural hub in Kern County. Property prices here are lower than most California markets, which changes how interest-only loans make sense.
Investors and business owners in Wasco use interest-only loans to keep monthly costs low. That freed-up cash often goes back into operations or other properties.
680+
Min Credit Score
20%
Min Down Payment
5–10 Years
IO Period Length
Non-QM
Loan Category
Interest-Only Loans in Wasco
Interest-only loans are non-QM products. Most lenders want a 680+ credit score and 20% down at minimum.
Income documentation varies by lender. Some accept bank statements. Others want full tax returns or a DSCR calculation for investment properties.
Local decision guide
Use this guide to connect interest-only loans eligibility, lender expectations, and local market factors before comparing payment options in Wasco.
Wasco is an agricultural hub in Kern County. Property prices here are lower than most California markets, which changes how interest-only loans make sense.
Investors and business owners in Wasco use interest-only loans to keep monthly costs low. That freed-up cash often goes back into operations or other properties.
Interest-only loans are non-QM products. Most lenders want a 680+ credit score and 20% down at minimum.
Big retail banks rarely offer interest-only loans anymore. This product lives almost entirely in the wholesale and non-QM lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means we can find IO programs with different rate structures and IO period lengths.
The IO period matters more than most borrowers realize. After it ends, your payment jumps to cover principal and interest on the remaining term.
Plan for that payment increase before you close. Borrowers who don't model the fully amortized payment get caught off guard in year 10.
A standard 30-year fixed builds equity from day one. An interest-only loan doesn't — you're not paying down principal during the IO period.
DSCR loans are often a better fit for pure rental investors. IO loans shine when cash flow management is the priority, not equity accumulation.
Wasco's economy is tied to agriculture and oil. Income can be seasonal or variable — that's exactly the borrower profile interest-only loans were built for.
Kern County also has a strong investor community. IO loans give local investors flexibility to hold properties without straining monthly operating budgets.
Most lenders require 680 or higher. Some non-QM lenders go lower, but expect a higher rate.
Usually 5 to 10 years. After that, payments reset to cover principal and interest on the remaining balance.
Yes. Many Kern County investors use IO loans to keep holding costs low. A DSCR loan may also be worth comparing.
Some do. This varies by lender. Always check the loan terms before signing — we flag this on every deal we work.
Yes, significantly. You'll then pay principal plus interest on the remaining balance, compressed into fewer years.
Often yes. Self-employed borrowers with variable income benefit from lower required monthly payments during lean periods.