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30-Year Fixed Mortgage

The 30-year fixed-rate mortgage is the most popular loan in the country for a reason: a rate that never changes and a payment spread over 30 years for maximum affordability.

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What is a 30-Year Fixed Mortgage?

With a 30-year fixed mortgage, your interest rate is locked for the full term, so your principal and interest payment stays the same from the first month to the last. Taxes and insurance can still change, but the loan payment itself will not. It is available across conventional, FHA, VA, USDA and jumbo programs.

Payment stability

Your principal-and-interest payment stays the same. Taxes and insurance can change.

Lower monthly payment

A longer term keeps payments lower than shorter loans.

Easy budgeting

Plan decades ahead with confidence.

Prepay anytime

Pay extra toward principal to finish early.

Is a 30-Year Fixed Mortgage right for you?

Who it is for

  • Buyers who want the lowest predictable monthly payment
  • Homeowners planning to stay long term
  • Anyone who values budget certainty

Benefits

  • Your rate is fixed, so your principal and interest payment stays the same for the full 30 years
  • No adjustable-rate surprises: you always know what your mortgage payment will be
  • Lowest payment of the fixed-rate options
  • Available on conventional, FHA, VA, USDA and jumbo loans
  • You can pay extra toward principal anytime to pay it off sooner

Things to consider

  • More total interest than shorter terms
  • Rates are usually higher than 15-year loans
  • Equity builds more slowly in the early years

Everything about the 30-Year Fixed Mortgage

Choose a topic to jump to the details.

How a 30-year fixed works30-year vs. 15-yearPaying off earlyOur Relock PolicyHow a 30-year payment is applied30-Year Fixed Mortgage FAQs

How a 30-year fixed works

Each payment covers interest and principal. Early payments are mostly interest; over time, more of each payment goes toward principal. This schedule is called amortization.

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30-year vs. 15-year

A 15-year loan usually has a lower rate and far less total interest, but a much higher monthly payment. A 30-year loan keeps more cash available each month.

A 15-year loan has a higher payment but a lower rate and far less total interest. A 30-year loan keeps the payment lower and leaves more monthly cash for savings, investing or emergencies. We will show you both on the same price so you can decide.

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Paying off early

Making one extra payment a year, or adding a little to principal each month, can shorten a 30-year loan by several years. Most loans today have no prepayment penalty.

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Our Relock Policy

If rates drop while your loan is in process, we will reduce your rate to the lowest prevailing rate at no cost to you.

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How a 30-year payment is applied

In the early years most of each payment goes to interest. Over time the balance shifts, and more of each payment reduces principal. Adding even one extra payment a year can shorten a 30-year loan by several years.

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How to apply

  1. 1

    Request a call back

    Tell us about your goals. A loan officer will confirm whether this program is the right fit.

  2. 2

    We prepare the application

    We fill out the application with you and send a secure list of documents to upload.

  3. 3

    Approval and closing

    We handle appraisal, underwriting and title, keeping you updated by phone, text or email.

Documents to have ready

  • Standard income, asset and credit documents for the loan program you choose

Every file is different. Your loan officer will send an exact list.

30-Year Fixed Mortgage FAQs

Have a question that is not answered here? Ask a loan officer.

Is a 30-year fixed a good idea?

For most buyers who plan to stay in their home a long time and want a predictable payment, yes.

Can my payment still go up?

Your principal and interest will not change, but property taxes and insurance collected in escrow can.

Can I refinance later?

Yes. If rates fall, you can refinance into a new rate or a shorter term.

Is there a penalty for paying early?

Most standard loans have no prepayment penalty.

Can my payment change on a fixed-rate loan?

Principal and interest stay the same. Your total payment can still change if property taxes or insurance in your escrow account change.

Talk to a loan officer

Talk with us about a 30-Year Fixed Mortgage

Tell us a little about your plans. A licensed loan officer will call you, usually the same business day.

  • No cost and no obligation
  • We can fill out the application for you
  • Evening and weekend calls available

Prefer to call? (800) 592-8882

Related programs

15-Year Fixed Mortgage I want to pay off my home faster Own your home sooner and pay far less interest. Learn more Adjustable-Rate Mortgage (ARM) I want a lower starting rate A lower fixed rate for the first 5, 7 or 10 years, then adjusts. Learn more Mortgage Buydown I want a lower rate at the start of my loan Prepaid interest that lowers your rate temporarily or for the life of the loan. Learn more