A Longer Runway, A Lighter Payment.
Extended amortization with an interest-only period, on loans from $150,000 to $3.5 Million, for owner-occupied, second home, and investment property.
Extended amortization with an interest-only period.
However you want the payment shaped, there’s likely a path that fits.
- Loans from $150,000 to $3.5 Million
- Extended amortization stretches the payoff further out
- Borrowers prioritizing monthly cash flow
- Purchase or refinance on eligible occupancy types
- Purchase, rate-and-term refinance, and cash-out available
- Fixed and adjustable rate options
- Financing to 85% of value on an interest only structure*
- Interest only is not available to first time homebuyers*
Loans from $150,000 to $3.5 Million
Extended amortization with an interest-only period
Primary, second home, or investment property
Rental income financing also carries this structure
Two to four units and condominiums eligible
Purchase, rate-and-term refinance, or cash-out
What is the Saxton Extended Term Interest Only Loan?
Extended amortization paired with an interest-only period
The Saxton Extended Term Interest Only Loan stretches amortization further out than a standard schedule and pairs it with an interest-only period, which lowers the scheduled payment while that period runs.
Interest-only generally starts around a 700 credit score. Loans run from $150,000 to $3.5 Million on documented and alternative documentation routes, and from $100,000 to $3 Million on rental income financing. First-time homebuyers are not eligible for interest-only, and it is not available on the no ratio rental route.
Use it to purchase a home, refinance your current mortgage, or take cash out of your equity, on a primary residence, second home, or investment property, including two to four unit properties and condominiums.
Why choose the Saxton Extended Term Interest Only Loan?
Built for borrowers who want the smallest scheduled payment the structure allows.
Cash Flow Priority
Keep more monthly cash available while the interest-only period runs.
Rental Investors
Improve the coverage picture on a rental by lowering the required payment.
Variable Income Earners
Match the payment to income that arrives unevenly across the year.
High Cost Markets
Expensive markets where a standard schedule stretches the budget thin.
Equity Without The Squeeze
Access equity while keeping the payment structure you want.
A Lighter Scheduled Payment
Extended amortisation with an interest only period is built to keep the scheduled payment low.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about extended amortisation.
The payoff schedule is stretched further out than a standard schedule, which lowers the scheduled payment. More total interest is paid across the life of the loan as a result.
Both carry an interest-only period. This option also extends the amortization schedule beyond the standard length, which lowers the scheduled payment further.
Interest-only generally starts around a 700 credit score on this program.
Loans run from $150,000 to $3.5 Million on documented and alternative documentation routes, and from $100,000 to $3 Million on rental income financing.
No. First-time homebuyers are not eligible for interest-only. Saxton has several other programs built for first-time buyers.
Yes, on the standard rental income program. It is not available on the no ratio rental route.
The payment changes and begins including principal. A licensed loan officer will walk through what that looks like before you commit.
Find out what you qualify for
Whether you’re buying, refinancing, or pulling cash out, there’s likely a Saxton Extended Term Interest Only Loan option that fits. Get a fast, no-obligation pre-qualification today.
Get Pre-Qualified- Consumer Financial Protection Bureau, mortgages
- Consumer Financial Protection Bureau, buying a house: tools and resources for homebuyers
*Loan amounts, rates, terms, and down payment requirements are subject to credit approval, income and asset verification, and program eligibility. Down payment and cash-out limits vary by occupancy, credit score, and documentation type. Not all applicants will qualify. Saxton Mortgage, LLC is an Equal Housing Lender.