BEST OF
4 Best Interest-Only Mortgage Lenders of 2021
An interest-only mortgage is a niche product that can be difficult to find these days. See NerdWallet's picks for some of the best interest-only mortgage lenders in 2021.
An interest-only mortgage can be hard to find these days. It is a niche product, best suited for borrowers with strong cash flow and good credit and often for home buyers looking for a short-term loan — typically from five to seven years.
Many interest-only mortgages are also jumbo loans, for higher-priced properties that don't meet conventional loan standards.
NerdWallet has gathered some of the best mortgage lenders for people seeking interest-only mortgages to help you find the one that's right for your needs.
An interest-only mortgage can be hard to find these days. It is a niche product, best suited for borrowers with strong cash flow and good credit and often for home buyers looking for a short-term loan — typically from five to seven years.
Many interest-only mortgages are also jumbo loans, for higher-priced properties that don't meet conventional loan standards.
NerdWallet has gathered some of the best mortgage lenders for people seeking interest-only mortgages to help you find the one that's right for your needs.
Summary of Best Interest-Only Mortgage Lenders of 2021
Lender | NerdWallet Rating | Minimum Credit Score | Minimum Down Payment | Learn More |
---|---|---|---|---|
Best for online experience | 620 | 3% | at Guaranteed Rate | |
Best for face-to-face service | 620 | 3% | at New American Funding | |
Best for jumbo loans | 620 | 3% | Read review | |
Best for jumbo loans | 620 | 3% | Read review |
at Guaranteed Rate
Guaranteed Rate: NMLS#2611

Min. Credit Score
Min. Down Payment
at Guaranteed Rate
at New American Funding
New American Funding: NMLS#6606
Min. Credit Score
Min. Down Payment
at New American Funding
Wintrust Mortgage: NMLS#449042

Min. Credit Score
Min. Down Payment
HomeBridge: NMLS#6521

Min. Credit Score
Min. Down Payment
Last updated on January 2, 2021
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
To recap our selections...
NerdWallet's Best Interest-Only Mortgage Lenders of 2021
- Guaranteed Rate: Best for online experience
- New American Funding: Best for face-to-face service
- Wintrust Mortgage: Best for jumbo loans
- HomeBridge: Best for jumbo loans