Best Interest-Only Mortgage Lenders

Finding the Right Mortgage, Mortgages
You can trust that we maintain strict editorial integrity in our writing and assessments; however, we receive compensation when you click on links to products from our partners and get approved. Here's how we make money.

NerdWallet offers financial tools and advice to help you understand your options and make the best possible decisions. The guidance we offer and info we provide are deeply researched, objective and independent.

We spent over 400 hours reviewing the top mortgage lenders before selecting the best for our readers. We’ve picked at least two lenders for five 'best of' categories to help you find the lender that best meets 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 picked some of the best mortgage lenders for people seeking interest-only mortgages to help you find the one that’s right for your needs.

Best online interest-only mortgage lenders

These lenders are online experts, offering the latest technology to complete the mortgage process quickly and efficiently.

sofi-logo 4.0-stars
  • Offers loans in 29 states and Washington, D.C.
  • No application, origination or other lender fees
  • Pre-qualify online in “just two minutes”
  • SoFi Mortgage review
guaranteed-rate-270 4.5-stars
  • Claims a 95% customer satisfaction rate
  • Also has branches across all 50 states for in-person service
  • Licensed in all 50 states and Washington, D.C.
  • Guaranteed Rate Mortgage review

Best interest-only mortgage lenders for borrowers seeking face-to-face service

These lenders are known for providing outstanding customer service, with convenient locations in many parts of the nation.

naf logo-270x55 (1) 4.5-stars
  • Interest-only terms typically from 5 to 10 years
  • Interest-only loan can feature a fixed or adjustable rate
  • Has branch locations in nearly half of U.S. states
  • New American Funding review
navy_federal_credit_union_logo-55x270 4.0-stars
  • Interest-only loans available with fixed or adjustable rates
  • Interest-only fixed rates remain the same for the first 10 years
  • Requires an affiliation with the armed forces or Department of Defense, or membership of a relative
  • Navy Federal Mortgage review

Best interest-only mortgage lenders for jumbo loans

These lenders are well-suited to serve borrowers looking for interest-only jumbo loans for higher-priced properties.

WintrustMortgage-55x270 4.0-stars
  • Lends in all 50 states and has several hundred local offices
  • Offers interest-only mortgages on jumbo loans
  • Offers a credit checklist and profile service to potential home buyers
  • Wintrust Mortgage review
homebridge 3.5-stars
  • Offers interest-only loans, typically between 5 and 7 years
  • Offers a Home Fixer escrow program so minor required home repairs can be completed after closing
  • Licensed in all 50 states; branch locations in more than half of U.S. states
  • HomeBridge Financial Services review

Summary: Best interest-only mortgage lenders

SoFi: Online experience

Guaranteed Rate: Online experience

New American Funding: Face-to-face service

Navy Federal Credit Union: Face-to-face service

Wintrust Mortgage: For jumbo loans

HomeBridge Financial Services: For jumbo loans

More from NerdWallet

NerdWallet’s selection of mortgage lenders for inclusion here was made based on our evaluation of the products and services that lenders offer to consumers who are actively shopping for the best mortgage. The six key areas we evaluated include the loan types and loan products offered, online capabilities, online mortgage rate information, customer service and the number of complaints filed with the Consumer Financial Protection Bureau as a percentage of loans issued. We also awarded lenders up to one bonus star for a unique program or borrower focus that set them apart from other lenders. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.