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Suisun City sits in Solano County as job losses reshape the region—the Workforce Development Board is preparing for 2,100 positions to disappear in 2026.
Interest-only mortgages let you pay just the interest for a set period—typically 5 to 10 years. After that, payments jump to principal-and-interest amortization.
20–35% lower vs. 30-year fixed
Initial Payment Savings
700+ FICO
Minimum Credit Score
20%
Minimum Down Payment
5–10 years typical
Interest-Only Period
6–12 months liquid
Reserves Required
Interest-Only Loans in Suisun City
Interest-only loans demand stronger credit and reserves than conventional 30-year fixed mortgages. Most lenders require 700+ FICO, 20% down minimum, and 6–12 months of liquid reserves.
Debt-to-income limits are tighter on interest-only products—typically 43% to 50% depending on the lender. Your job history and income stability matter more because lenders know the payment resets. Self-employed borrowers face extra scrutiny.
Local decision guide
Use this guide to connect interest-only loans eligibility, lender expectations, and local market factors before comparing payment options in Suisun City.
Suisun City sits in Solano County as job losses reshape the region—the Workforce Development Board is preparing for 2,100 positions to disappear in 2026.
Interest-only mortgages let you pay just the interest for a set period—typically 5 to 10 years. After that, payments jump to principal-and-interest amortization.
Interest-only loans demand stronger credit and reserves than conventional 30-year fixed mortgages. Most lenders require 700+ FICO, 20% down minimum, and 6–12 months of liquid reserves.
Interest-only loans are a niche product. Most retail banks don't offer them; portfolio lenders and mortgage brokers dominate this space. California brokers can access 3–5 true interest-only programs, each with different reset schedules and rate pricing.
Rates on interest-only mortgages run 0.25% to 0.5% lower than 30-year fixed at the same FICO and down payment because the lender's risk is front-loaded.
Interest-only loans make sense in Suisun City for buyers with strong income growth ahead or a clear exit plan. If you're planning to sell within 7 years, the lower payment buys real monthly relief.
The county's job losses in 2026 actually argue against interest-only for most local buyers. Lenders will scrutinize employment stability harder. Stick with a 30-year fixed if your income is tied to the industrial closures.
Versus a 30-year fixed mortgage, interest-only cuts your initial payment 20–35% for the first 5–10 years. The tradeoff is brutal: when the interest-only period ends, your payment jumps to cover both principal and interest on the remaining balance.
30-year fixed mortgages cost more upfront but the payment never changes. If you're staying long-term and job security matters, fixed is safer. Interest-only wins only if you're confident about refinancing, selling, or income growth before year 5.
Solano County's 2026 Restaurant Week brings new dining to Suisun, Vacaville, Dixon, and Benicia—a sign of local investment despite job losses. For buyers considering a long-term hold, these lifestyle improvements matter.
The Solano Watershed Explorers program engages 1,800 third-graders in outdoor science. Schools and community programs are stable. If you're raising a family in Suisun, the county's education focus is real.
Your payment resets to principal-and-interest amortization over the remaining loan term. A $500,000 loan might jump from $1,900/month to $3,100/month. You must refinance, sell, or absorb the increase.
No. Every payment goes to interest; the principal balance stays flat. You build equity only after the reset when principal payments begin. This is why interest-only works best for short holding periods.
Most lenders require 700+ FICO. Some portfolio lenders go as low as 680 with 25% down and strong reserves. Call for a pre-qualification to confirm your eligibility.
Rarely. Most programs require 20% down minimum. A few portfolio lenders accept 15% down with 700+ FICO and 12 months reserves. Expect a higher rate and tighter underwriting.
Probably not. If you're staying 15+ years, the payment reset will cost more than you saved upfront. A 30-year fixed is safer. Interest-only works only if you plan to sell, refinance, or expect significant income growth before year 5.