Is there any interest only loans available?

There is Interest Only Libor Arms available fixed for 3 years to 10 years depending on what you are looking for. As a self employed individual we would look at your net income from the last two years. Your current growth income couldn't be used until you have filed tax returns on it, just so you know. If you would like to discuss your options please let me know. P: 888-320-7888 - Ken@MortgagesforAmerica.org - www.MortgagesforAmerica.org - Ken Burrows

They are always available. You can count on it. Andrew

Jason, you can get by with a smaller down payment but it's best to come up with at least 20% down to avoid private mortgage insurance. Interest only options are available with most lenders. Verifiable income is going to be your main hurdle when self employed. Some lenders are now using a percentage of assets in order to help qualify. I hope this information is helpful.David PaceSan Diego, CA(858) 560-4001

Interest only loans are still available however because of the increased interest rate charge, it's not always your best option.. the bigger problem you might have is regarding your SE income.. unless you have been profitable for the last 2 years and it can be verified by your filed federal tax returns, you could have a problem getting approved, But I think you might mean to ask about stated income loans.. and these types of loans have become illegal... you will have to prove your income with tax returns, and have sufficient income to cover all your debt.. regarding down payment.. VA & USDA require zero down, FHA is 3.5%, and there are conventional products with just 3% down.. each program has their own set of rules and guidelines, so it's best to sit down with an experienced mortgage broker and let him look at your complete scenario.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Private loans, which are frequently interest only, but do not require 2 years of income proof, normally require about 30 to 35% down payment. A rent-to-own option, or seller financing, may work better for you.

Yes they are avaialable. If you have a income issues contact me. I have a Stated Income Loan option for you.

Interest only loans are available and it's possible to get a conventional, conforming loan ($417K or less) with a 3% down payment. However, mortgage insurance will be required. Typically, self employed people try not to show too much income so their income taxes are not too outlandish. What profit did you show on line 31 of your Schedule C, Profit or Loss From Business, for the past 2 years? How much is the monthly debt on your credit report? With those 2 numbers, and a little more info, I can tell you precisely what size loan you can qualify for, and how much your mortgage insurance will be. Of course, if you can make a 20% down payment, there won't be any mortgage insurance. Give me a call 16/7, or email me your phone number so I can call you, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 42 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

i have a excellent loan officer referral for you in laguna hills area please email me at yourloanpartnerforlife@live.com linda