30 Year Fixed

Fixed Rate Mortgage:

30/Year Fixed Rates are increasing,take advantage now!

Our 30-year fixed rate of 4.25% is near a RECORD low!

  • Do you plan to stay in your home for many years?
  • Do you prefer a consistent mortgage payment for budget planning?
  • Does your peace of mind depend on a payment that never changes?

If you answered “yes” to any of these questions, a 30-year fixed-rate mortgage might be right for you! Since your rate won’t change for the life of your loan, your payment will never increase.

With a fixed rate mortgage, the interest rate does not change for the term of the loan; the monthly payment is always the same. Typically, the shorter the loan period, the more attractive the interest rate will be.

 
Payments on fixed-rate fully amortizing loans are calculated so that the loan is paid in full at the end of the term. In the early amortization period of the mortgage, a large percentage of the monthly payment pays the interest on the loan. As the mortgage is paid down, more of the monthly payment is applied toward the principal.
 

A 30 year fixed rate mortgage is the most popular type of loan when borrowers are able to lock into a low rate.

 

30-year fixed-rate mortgage qualification requirements

  • Refinance up to 95% of your primary home’s value
  • Buy a home with as little as 5% down (primary home)
  • Loan amounts from $25,000 to $3,000,000

How a 30-year fixed-rate mortgage works

  • Monthly payments based on interest rate, principal loan amount, and amortized interest over 30 years
  • Your payment will not change throughout the life of the loan
  • Your actual payment will vary based on your situation and the current interest rates when you apply
  • Pay your mortgage at any time without pre-payment penaltie

To Apply for a Purchase Loan Click Here
To Apply for a Refinance Loan Click Here