Loan option
Fixed Rate Mortgage
One rate, one payment, for the life of your loan.
A fixed-rate mortgage keeps your interest rate — and your principal-and-interest payment — exactly the same for the entire term, whether that's 15, 20, or 30 years. It's the most popular, most predictable way to finance a home.
Because your rate is locked for the life of the loan, rising market rates never touch your payment. That makes budgeting simple and protects you from surprises down the road.
Fixed-rate loans work for both buying and refinancing, and pair with conventional, FHA, VA, and jumbo programs alike.
Who it's for
Is the Fixed Rate Mortgage right for you?
- You plan to stay in the home for a while
- You want a payment you can budget around for years
- You'd rather not gamble on where rates go
- You're refinancing out of an adjustable-rate loan
Good to know
Common questions
15-year or 30-year?
A 30-year keeps payments lower and more flexible; a 15-year costs more per month but pays off faster with less total interest. We'll model both so you can see the trade-off.
Can I pay extra to pay it off sooner?
Yes — extra principal payments shorten your loan and cut total interest, with no prepayment penalty on our standard programs.
Can I refinance later if rates drop?
Absolutely. A fixed loan never forces you to refinance, but you're always free to if it saves you money.
Ready to explore the Fixed Rate Mortgage?
Apply in minutes or get a no-obligation quote — and a licensed loan officer will tailor it to you.