Question 1

What credit score do I need for an IO loan in Belvedere?

Accepted Answer

Most lenders start at 700. For jumbo IO loans over $2M, expect some lenders to require 720 or higher.

Question 2

Does the interest-only payment ever go up?

Accepted Answer

Yes. After the IO period ends, the loan recasts to fully amortizing. Your monthly payment increases, sometimes significantly.

Question 3

Can I pay down principal during the IO period?

Accepted Answer

Yes. Nothing stops you from making principal payments. You're just not required to during the IO term.

Question 4

Are interest-only loans available for investment properties in Belvedere?

Accepted Answer

Yes. IO terms are available on investment properties, often paired with DSCR or investor-specific non-QM programs.

Question 5

How large a loan can I get on an IO program?

Accepted Answer

IO loans are commonly available into the $3M–$5M range. Loan limits depend on the lender and your financial profile.

Question 6

What happens if I want to sell before the IO period ends?

Accepted Answer

You can sell at any time. Many Belvedere buyers use IO specifically to manage cash flow during a planned short hold.

Interest-Only Loans in Belvedere, CA