Zillow Advice: Mortgage - What are current interest rates for interest-only loans? http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ Zillow Advice | Zillow Real Estate This will not be an easy ... http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ This will not be an easy task. I don't know of a <a href="http://www.zillow.com/directory/lenders/">lender</a> for interest only for your scenario. .... Good luck, Rudi Hofmann Sun, 26 Jul 2009 15:22:00 GMT http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ 2009-07-26T15:22:00Z I am looking a $1.6M interest ... http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ I am looking a $1.6M interest only loan.&nbsp; Since the total amount is for purchasing land and to build the home, would the low 4% rate apply to construction loan?&nbsp; The total cost is around $2.4M of which I will put $800k down. Sat, 25 Jul 2009 21:21:00 GMT http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ 2009-07-25T21:21:00Z How about loan amount folks? ... http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ How about <a href="http://www.zillow.com/mortgage/">loan</a> amount folks? Every <a href="http://www.zillow.com/directory/lenders/">lender</a> that I know of has different rates for Conforming, Conforming Jumbo, Jumbo and Super Jumbo. .... Happy funding, Rudi Hofmann Sat, 25 Jul 2009 19:03:00 GMT http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ 2009-07-25T19:03:00Z Depends how long you want ... http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ Depends how long you want the rate fixed for.&nbsp; Assuming everything is in line, <a href="http://www.zillow.com/5-1_ARM_Mortgage_Rates/">5/1 ARM</a> interest only is low 4's right now.&nbsp;&nbsp; A little higher if you want 7/1 or 10/1 ARM, but all of the ARM programs&nbsp;should be under 5% (again assuming strong credit and sufficient equity). Sat, 25 Jul 2009 18:39:00 GMT http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ 2009-07-25T18:39:00Z The interest on a loan is ... http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ The interest on a <a href="http://www.zillow.com/mortgage/">loan</a> is always tied up with several factors (i.e. <a href="http://www.zillow.com/mortgage-glossary/FICO/">FICO</a> score, income, length of job) so it is best that you contact a reliable direct lender.<br/><br/>Good luck! Sat, 25 Jul 2009 18:20:00 GMT http://www.zillow.com/advice-thread/What-are-current-interest-rates-for-interest-only-loans/260457/ 2009-07-25T18:20:00Z