Fixed Rate Mortgage

A fixed rate mortgage gives you the security of knowing that the principal and interest of your monthly mortgage payment won't change over the life of the loan. No wonder it's the most popular home loan.

  • Lock in a low rate
  • Stability of fixed monthly payments for principal and interest
  • Option to buy an even lower interest rate with discount points
  • Down payments as low as 0% VA, 3.5% FHA 10%-20% of home's value
  • No prepayment penalties if you pay off the loan early
  • Pick a popular term (10, 15, 20, 25, 30) or choose your own term (e.g. 17 years)
  • Available in Conventional, FHA, VA, and JumboLoans

A Fixed Rate Mortgage may be right for you if:

  • You plan to stay in your home for 7 years or more
  • You prefer consistent principal and interest mortgage payments
  • You have at least 10-20% of your home's value to use as a down payment

If that sounds like you, then a Fixed Rate Mortgage may be a good choice. Get Started »


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