• A fixed rate mortgage is a loan where the interest rate will remain the same throughout the full duration of the loan term: Available for 15, 20, 25, or 30 years. This is a particularly beneficial option for home buyers who are not planning to sell their house within the foreseeable future. A fixed rate allows you to plan out your monthly budget with the secure knowledge that it will not fluctuate.

    Fixed Rate vs. Adjustable Rate Mortgages

    Unlike a fixed rate mortgage, variable rate mortgages will generally have a lower initial interest rate. This rate is tied to an interest rate index and may thus increase or decrease with time, in conjunction with the overall interest rates on the market. As such, there is significantly more uncertainty involved in a variable rate mortgage, as it can be difficult to predict whether you will be paying more or less in the long-term as opposed to with a fixed rate mortgage.

    Our most popular fixed rate mortgage products are FHA, VA, and Conventional Loans, which conform to the established guidelines of your financial institution and thus feature lower interest rates than non-conforming loans. Our options include:

    • FHA mortgage 3.5% Down with PMI (Private Mortgage Insurance)
    • VA mortgage 0% Down with no PMI
    • Conventional mortgage 5% Down with PMI