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30-Year Fixed Mortgage

Find security in a conventional mortgage.

If you’re about to begin the process of applying for a mortgage, a good place to start is looking at a conventional loan like the 30-year fixed-rate mortgage.

A fixed-rate loan, as you would expect, is a mortgage that charges a fixed interest rate for the entirety of its duration. Popular fixed-rate loans usually cover 30 or 15 years and provide the advantage of stability and predictability - you can calculate exactly how much you’ll be paying over any given time interval within the duration of your loan. If you’re looking to own a property for the foreseeable future and interest rates are currently on the low end, then the 30-year fixed mortgage would most likely be the way to go.

The 30-year fixed-rate mortgage provides a secure, low monthly payment you can count on. Although you’ll pay more interest over time, the rate remains consistent for the life of the loan.

  • Lower monthly payment
  • Unchanging monthly payment
  • Standard documentation
  • 3% down payment
  • Good credit (FICO score of 660 or higher)
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