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Interest-Only Investor Loans in Pennsylvania

What Pennsylvania investors should know, with county data and city pages.

Investors in Pennsylvania who use interest-only financing usually do so to give a rental breathing room in the early stretch, whether during renovations, while rents settle or in areas where prices run high relative to rent. The structure lowers the starting payment but leaves the balance untouched, and the later payment is larger. The local data on this page can help you test whether a property can carry both payments.

Questions about Interest-Only investor loans in Pennsylvania?

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Pennsylvania landlord-tenant law: The Landlord and Tenant Act of 1951. Pennsylvania's main landlord-tenant statute, covering leases, recovery of rent, security deposit (escrow) rules, and recovery of possession. Leases you show a lender should follow it.

Where the numbers point in Pennsylvania

Counties with the most interest-only investor loans (2024):

CountyInterest-only investor loans (2024)
Philadelphia County910
Allegheny County299
Delaware County206
Montgomery County149
Luzerne County115
Lackawanna County102
Berks County82
Westmoreland County82
Monroe County79
Dauphin County76
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Prefer to talk first? Call (888) 865-8230. Applying is not a loan approval or commitment to lend; programs vary by borrower, property and investor. ClearPoint Mortgage Advisors, NMLS #173855. Properties in FL, NY, NJ, PA, CT and VA only.

Interest-Only Investor Loans by city in Pennsylvania

Common questions

What happens to my payment when the interest-only period ends?

The payment increases to include principal, and because principal is repaid over a shorter remaining term, the increase can be significant. If the rate is adjustable, it can also change on its own schedule. Ask for a written payment schedule that shows the payment during and after the interest-only period, and compare both against the rent you collect today.

Can I get an interest-only loan on a home I will live in?

This page covers investment property only. Interest-only loans on a home you live in are consumer loans with their own rules and protections, and they are covered among other options on a sister site. If you are buying a rental, an interest-only investor loan may be worth comparing with a fully amortizing loan. Never describe a rental as owner-occupied, since misrepresenting occupancy is mortgage fraud.

Should I plan to refinance before the payment resets?

Some investors do, but a refinance depends on future rates, the property's value, your credit and lending rules at that time, and none of those are certain. If you plan to refinance, also check the prepayment penalty terms on the interest-only loan. A safer plan is to make sure the rent and your reserves can carry the full payment even if a refinance is not available.

Other investor loans in Pennsylvania

DSCR loansDSCR requirementsDSCR down paymentAirbnb / STR loansHard money lendersHard money for a primary homeFix and flip loansInvestor bridge loansPortfolio lendersBlanket mortgagesInvestment property loansHELOC on a rentalInvestor cash-out refiSecond home loansPrivate money lenders

Related guides

Interest-Only Investor Loans overview · Pennsylvania investor loan overview

  • 2024 HMDA data
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