Fixed Rate Mortgage
Fixed Rate Mortgages provide long-term stability with a consistent interest rate and predictable monthly payments, ideal for homeowners who plan to stay in their home for many years.
Fixed Rate Mortgage Features
Locked Interest Rate
Your interest rate stays the same for the life of the loan, regardless of market changes.
Multiple Term Options
Common terms include 15, 20 and 30 years, so you can balance payment size and total interest.
Stable Principal & Interest
The principal and interest portion of your payment does not change over the loan term.
Purchase or Refinance
Available for buying a home or refinancing an existing mortgage, subject to qualification.
Fixed Rate Mortgage Benefits
- 01
Easier Budgeting
A predictable principal and interest payment makes long-term planning simpler.
- 02
Protection From Rate Increases
Rising market rates won't affect your locked rate.
- 03
Build Equity Steadily
A set amortization schedule shows exactly how your balance decreases over time.
- 04
Peace of Mind
Know what to expect for as long as you keep the loan.
Loan Program Frequently Asked Questions
What is a fixed rate mortgage?
A home loan with an interest rate that stays the same for the entire term of the loan.
Can my monthly payment still change?
Principal and interest stay the same, but property taxes and homeowners insurance held in escrow can change over time.
Should I choose a 15-year or 30-year term?
A 15-year term typically has a higher monthly payment but less total interest; a 30-year term has a lower payment. A loan officer can compare both for you.
Can I refinance later?
Yes. You may refinance in the future, subject to qualification and market conditions.