40 Year Mortgage with 10 Year Interest Only (IO) Period

Keep your payments low with Angel Oak's 40 Year Home Loan with a 10 Year IO Term

40 Year Home Loan Program

With Angel Oak’s 40 year mortgage, borrowers can take advantage of low payments with a initial 10 year interest only period. After the first ten years, the remaining principal and interest is fully amortized over the remaining 30 years of the loan.

40 Year Loan Highlights*:

  • Eligible borrowers may elect a 10 year interest only period with a 40 year term.
  • Borrowers must qualify for the 40 year term interest only using a fully amortizing payment over a 30 year period.
  • Maximum Loan-to-Value is 80%.
  • Available for primary residences, second homes, and rental properties.

*These products may have a higher interest rate, more points or more fees than other products requiring documentation.

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