Loan Programs

Fixed-Rate Mortgage

A fixed-rate mortgage is exactly as it sounds. It’s a home mortgage loan where the interest rate is fixed for the life of the loan. If you hate surprises, you’ll love the our fixed-rate mortgage. Once you sign the paperwork, the rate never changes per the original loan term, giving you peace of mind and a monthly mortgage that’s easier on your budget over the long term.

Typical terms for fixed-rate mortgages are 15 years and 30 years. There are also 10, 20, and 25-year terms available. Your fixed-rate mortgage stays locked-in at the percentage point you agree to pay when you seal the deal.


A fixed-rate mortgage is the most basic type of home purchase loan on the market. Borrowers are attracted to the fixed-rate loan because of its rate stability, making it the preferred mortgage choice year after year by thousands of Americans.


  • Fixed-rate mortgages are great options to consider when rates are low. When you choose a fixed-rate mortgage, you lock in your interest rate for the entire term of the mortgage. This protects you from rate hikes when interest rates climb in the future.

  • However, if, at the time of your loan application, interest rates on fixed-rate mortgage loans are high, yet expected to fall in the not-too-distant future, you should consider an adjustable-rate mortgage as your go-to solution. You can always look into a refinance for better terms and lower rates after rates drop to lower levels. Although depending on the market, adjustable rate mortgages aren’t always a better option.

*All loans are subject to underwriting or investor approval. Other restrictions may apply. This is not an offer of credit or a commitment to lend. Guidelines subject to change.