Lower Payments While The Interest Only Period Lasts.
Interest-only options on loans from $150,000 to $3.5 Million, available on owner-occupied, second home, and investment property.
Payment flexibility, by design.
However you want to structure the payment, there’s likely a path that fits.
- Loans from $150,000 to $3.5 Million
- Interest-only available on fixed and adjustable
- Borrowers managing 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
Interest-only on fixed and adjustable options
Primary, second home, or investment property
Rental income financing also carries interest-only
Two to four units and condominiums eligible
Purchase, rate-and-term refinance, or cash-out
What is the Saxton Interest Only Loan?
An interest-only period on both owner-occupied and rental financing
The Saxton Interest Only Loan carries an interest-only period on eligible fixed-rate and adjustable-rate options, on owner-occupied, second home, and investment property.
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.
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 Interest Only Loan?
Built for borrowers who want a lower payment while the interest-only period runs.
Cash Flow Management
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.
Bridge Periods
Carry a lower payment through a transition you already see coming.
Equity On Your Terms
Access equity while keeping the payment structure you want.
Interest Only, Then Amortising
The interest only period runs first, and the loan converts to a fully amortising payment when it ends.
Hear From Homeowners Like You
Frequently Asked Questions
Straight answers about interest only structures.
A loan with a period during which the scheduled payment covers interest rather than reducing principal. After that period the payment changes.
Interest-only generally starts around a 700 credit score on this program.
Yes. Interest-only is available on rental income financing as well as on owner-occupied and second home financing.
No. First-time homebuyers are not eligible for interest-only. Saxton has several other programs built for first-time buyers.
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. Interest-only is not available on the no ratio rental route. It is available on the standard rental income program.
Yes. Cash-out refinancing is available, with limits that vary based on the equity remaining in the property.
Find out what you qualify for
Whether you’re buying, refinancing, or pulling cash out, there’s likely a Saxton 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.