Question 1

What credit score do I need for an interest-only loan in Isleton?

Accepted Answer

Most lenders want 700 or higher. Stronger credit gets you better pricing on non-QM products like this one.

Question 2

Can I use an interest-only loan for a rental property in Isleton?

Accepted Answer

Yes. Investors use IO loans to maximize early cash flow. A DSCR loan may also be worth comparing.

Question 3

What happens when the interest-only period ends?

Accepted Answer

Your payment resets to cover principal and interest on the remaining balance. Payments increase — sometimes significantly.

Question 4

Are interest-only loans harder to get in smaller markets like Isleton?

Accepted Answer

They can be. Some lenders restrict rural or Delta properties. We work with lenders who handle these markets regularly.

Question 5

How much do I need to put down on an interest-only loan?

Accepted Answer

Expect 20-30% down. Non-QM lenders carry more risk, so they require stronger equity from the start.

Interest-Only Loans in Isleton, CA