Loading
Loading
Indio attracts investors, vacation rental owners, and high-income buyers. Interest-only loans fit that profile well.
Lower initial payments free up cash. That matters when you're holding a short-term position or managing multiple properties.
700+
Min Credit Score
20–30%
Down Payment
5–10 Years
Interest-Only Period
Non-QM
Loan Category
Interest-Only Loans in Indio
This is a non-QM loan. Expect stricter requirements than a standard conventional mortgage.
Most lenders want a 700+ credit score, 20-30% down, and strong reserves. Income documentation varies by lender.
Local decision guide
Use this guide to connect interest-only loans eligibility, lender expectations, and local market factors before comparing payment options in Indio.
Indio attracts investors, vacation rental owners, and high-income buyers. Interest-only loans fit that profile well.
Lower initial payments free up cash. That matters when you're holding a short-term position or managing multiple properties.
This is a non-QM loan. Expect stricter requirements than a standard conventional mortgage.
Most banks don't touch interest-only loans. Wholesale non-QM lenders are where these deals get done.
We work with 200+ lenders at SRK CAPITAL. A handful specialize in interest-only programs for California investors.
Interest-only loans work best with a clear exit strategy. Know when you're selling, refinancing, or paying down principal.
Rates run higher than conventional. Rates vary by borrower profile and market conditions. The payment savings still make sense for the right deal.
A DSCR loan qualifies on rental income, not personal income. That's often a cleaner fit for Indio rental investors.
ARMs also offer low initial payments. But interest-only periods give you more control over payment structure upfront.
Indio's short-term rental market is active. Festival-season demand makes interest-only a real tool for vacation property buyers.
Riverside County has no local transfer taxes that uniquely affect this loan type. Standard California costs apply.
Payments reset to include principal. Monthly costs jump — plan for that shift or refinance before it hits.
It depends on the lender. Some non-QM lenders count rental income. A DSCR loan may be a cleaner option.
Yes. Non-QM lenders regularly finance short-term rentals. Indio's rental market is a known use case.
Most lenders require 700 or above. A stronger score gets you better pricing on non-QM products.
Typically 5 to 10 years. Terms vary by lender — confirm the structure before you commit.