Pooria Shahvali | (916) 765-6407 | (916) 999-5969 [email protected] | NMLS #2099042 | Company NMLS #1839243

30 Year Fixed Mortgage

Fixed Conventional Mortgage

Probably the most common of all conventional mortgages: the 30 year loan. Thirty years is a long enough time for buyers of multiple ages to be able to consider the loan and also it makes monthly payments much more manageable! 

A 30 year fixed rate loan is exactly what it sounds like. The length of the loan is thirty years and the interest rate doesn’t change during the life of that loan 1(30 years). These loans are very popular, especially for those looking to purchase their forever home as the life of the loan is so long. 

One issue that arises is qualifying for said loans as they’re not under any sort of program. The fixed part of the loan is also hard to swallow sometimes when interest rates are high. However, the stability the loan offers often outweighs the minimal cons! 

Because the interest rate for this loan is fixed for three decades, it’s important for buyers to do what they can to lower their interest rates as much as possible. The two factors buyers have control over are their down payment and their credit score. So, when buyers are looking to purchase a home and utilize this common loan type, it’s best to put down as large of down payment as one can afford and work on keeping their credit score as high as possible.

That being said, take time to get prepared and ready to make the best purchase possible and settle into your home and mortgage for the next several years!

Home Purchase

Find your dream home and make it a
reality with our flexible mortgage
options.

Home Refinance

Refinancing doesn’t have to be 
confusing. We can help you refinance with ease.

Home Equity

Using your home’s equity to your 
advantage can help you in many situations. 
See how we can help.

What type of home loan are you interested in?

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