Fixed-Rate Mortgage

Enjoy Payment Certainty with Our Competitive Fixed-Rate Mortgage Options

Not all mortgages are created equal. While adjustable-rate loans have their place, the fixed-rate mortgage remains the most popular—and even within fixed programs, you’ll find a variety of term options.

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A fixed-rate mortgage features a set interest rate that stays constant throughout your loan. This means your principal and interest payment remains exactly the same each month, giving you reliable, predictable budgeting from day one to payoff.

• 20% Down Payment: Myth: You need 20% down to buy a home.
  Fact: With many conventional loans, you can purchase with as little as 3% down.
• Perfect Credit: Myth: You must have perfect credit to qualify.
  Fact: While credit matters, you don’t need flawless scores to secure a mortgage—lenders look at your overall financial profile.
• Interest Rates: Myth: Rates are identical at every lender.
  Fact: Mortgage rates vary by lender and loan program, so shopping around can save you money.
• Finding a House: Myth: Buy first, then arrange financing.
  Fact: Securing pre-approval before house hunting strengthens your offer—especially in a competitive market.
• 30-Year Fixed Mortgages: Myth: A 30-year loan is always best.
  Fact: If you can afford higher payments, a 15- or 20-year term can save you thousands in interest and pay off your home faster.

Lock in your rate and payment for the life of the loan—no surprises, just stability. Fixed-rate mortgages are ideal for long-term homeowners who value predictable monthly costs. Typical terms run 30 years, though 15- and 20-year options offer quicker equity buildup. If rates drop down the road, refinancing remains an option—so you never really play the guessing game.

• Conventional Fixed-Rate: Offered by banks, credit unions, and online lenders, these loans follow strict underwriting guidelines but deliver dependable terms.
• FHA, VA, and USDA Fixed-Rate: These government-insured loans also come in fixed formats but with more flexible credit and down payment requirements—each targeted to specific borrower groups.
• Conforming: Meets FHFA limits and sellable standards, allowing lenders to offload your loan into the secondary market.
• Non-Conforming (Jumbo): Exceeds FHFA thresholds, carries specialized underwriting, and may incur slightly higher rates due to larger loan amounts.
• Amortizing: Standard for fixed mortgages—your payment covers both principal and interest, steadily building equity.
• Non-Amortizing (Interest-Only): Less common but useful if you want lower initial payments that cover interest only for a set period.

Fixed-rate mortgages offer long-term peace of mind and budgeting ease—especially for buyers who plan to stay in their homes for many years. Understanding your term options and loan type can help you pick the best structure for your financial goals.