Texas Mortgage Lending, powered by CUTX

5-Year Interest-Only Mortgages in Texas

Lower your required mortgage payment for the first five years¹ with a Texas 5-year interest-only mortgage. This option can free up your monthly cash flow as you explore the right long-term loan strategy for your goals.

A 5-year interest-only mortgage may be worth considering for second homes, investment properties, and situations where lower early payments matter.

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Texas 5-Year Interest-Only Mortgage Features

A Texas 5-year interest-only mortgage lets you pay less each month at the start of your loan. Learn how this interest-only period works, when it might be a good fit, and how to discuss your loan options.

When a 5-Year Interest-Only Mortgage May Make Sense

People often choose this type of loan to help with cash flow during the first few years, rather than committing to larger payments right away. It’s a good choice if you want upfront flexibility while working toward your long-term goals.

You want lower required payments at the beginning of the loan
An interest-only period can create more breathing room in your monthly budget during the first five years.
You are buying or refinancing a second home
This option may be useful when you want to manage housing costs carefully across more than one property.
You are financing an investment property
Investors might consider this loan if early cash flow is important to their overall property strategy.
You want to talk through options before committing to a path
Talking with our Texas mortgage experts can help you compare this loan to other options and find what fits your goals.

Lower Payments for the First 5 Years

Make interest-only payments during the first five years of the loan to create more room in your monthly budget.

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More Flexibility for Other Priorities

Lower required housing payments at the start of the loan can help free up cash for other financial goals.

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Useful for Second Homes and Investment Properties

A 5-year interest-only mortgage may be worth considering when buying or refinancing a second home in Texas.

See If It Fits

NMLS #576560 Credit Union of Texas provides mortgage loans through its affiliate Texas Mortgage Lending, LLC, NMLS #1641703. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX’s lending policies, and property approval. Traditional closing costs apply. Additional terms and conditions may apply. Prequalification is not a commitment to lend. Membership required.

¹ Interest only payments will be re-amortized at the time the repayment period begins. If interest only payments are made, the loan balance will not decrease. CUTX home loan programs are only available in Texas. Loans are subject to credit approval, CUTX’s lending policies, and property approval. Prequalification is not a commitment to lend (if applicable)