Loan Products

30-Year Fixed Rate – The most popular type of conventional mortgage program.  The 30-year fixed rate loan amortizes over 360 months with a fixed rate for the entirety of the loan period.

15-Year Fixed Rate – This loan product amortizes over a 180-month period, allowing the borrower to pay off the mortgage in half the time of a conventional 30-year fixed rate loan.  A shorter life of loan will also mean a higher monthly payment than the 30-year fixed rate loan.

Both the 30 or 15-year fixed rate loans are ideal mortgage products for borrowers looking for a consistent payment schedule with a long-term, unchanging rate.  Generally, these products are better suited for borrowers who anticipate keeping their mortgage for over 10 years.