Interest-Only Adjustable Rate Mortgage

Interest-Only Conforming adjustable rates mortgage products have attractive low interest rates which give you the financial freedom of having extra disposable income, purchase buying power, or lower monthly payments.

  • Our Interest-Only Conforming adjustable rate mortgage products offer interest-only mortgage payments for fixed rate periods of 3, 5, 7 or 10 years (depending on the product selection). After the fixed rate period you pay principal and interest for the remainder of the term. At the end of the Interest-Only term you can refinance, pay the balance in full, or commence paying off the principal and interest.
  • Interest-Only Conforming adjustable mortgage products are available on Purchase and Refinance loan transactions.
  • Ditech will work with your real estate agent during your new home purchase. New conforming loan limits are US $417,000 in the Continental US and $625,500 Alaska and Hawaii.
  • There are no Pre-Payment Penalties.
  • Loan to value (LTV) ratios up to 90%.
  • Qualification Ratios are based on Interest-Only payment plus taxes and insurance.
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Disclosures

Fees & charges apply and may vary by product and State. Subject to underwriting approval. Application required; not all applicants will be approved. Minimum credit score of 731 required to be eligible for advertised rate. Full documentation & property insurance required. Loan secured by a lien against your property. Consolidating or refinancing debts may increase the time and/or the total amount needed to repay your debt. Taxes & insurance extra. Terms, conditions & restrictions apply. Lock in fee required to secure rate. Recent rate but subject to change without notice. Rate available on loan amounts from $250,001 to (A) $417,000 (contiguous US) and (B) $625,500 (AK and HI) on owner-occupied single-family residential properties. Rates, loan products, & fees subject to change without notice. Your rate and term may vary. Call for details.