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30 years


The 30-year fixed-rate mortgage is one of the most popular mortgages. It offers the security of a fixed interest rate and lower monthly payments.


→ Purchase a home with as little as 3% down (Primary home).

→ Refinance up to 95% of your primary home’s value.

→ The 30-year time period is more suitable if you plan on living in your house for a long time or indefinitely.

→ There are no pre-payment penalties with a 30-year fixed mortgage, so you can always pay off your mortgage more quickly and put additional money toward principal.



→ Loan amount – The loan amount for a conforming mortgage is generally limited to $453,100 for a single-family home, though limits may be higher in counties where home prices are higher. Jumbo loans allow you to exceed the conforming loan limit to borrow for a higher-priced home.

→ Down payment – Most conventional loans will require at least 3 percent as a down payment. For loans with lower down-payment requirements, explore government-backed mortgages like FHA loans.

→ Credit history – Conventional loans generally require FICO score of 620 or higher. There are also established guidelines for income and other personal financial information.


How it 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 off your mortgage at any time without pre-payment penalties.

→ 30, 20, 15 and 10-year terms are all available with fixed rates.


The payment on a $200,000 30-year Fixed- Rate Loan at 3.75% and 90% loan-to-value (LTV) is $926.33 with no points due at closing.The Annual Percentage Rate (APR) is 3.85%.


* Payment does not include taxes and insurance premiums.

* Rates are subject to change without prior notice.

* Loan information is informational purposes only and is not an offer to make a loan.