30 Year Fixed Mortgage
Predictable monthly payments for 30 years
A 30-year fixed-rate mortgage locks in your interest rate and principal-and-interest payment for the full life of the loan. It's the most popular home loan in the United States because the lower monthly payment makes a wider price range affordable and protects against future rate increases.
Program Highlights
- ◆Rate and principal-and-interest payment never change
- ◆Lowest fixed-rate monthly payment available
- ◆Easiest qualification of the long-term fixed options
- ◆Refinance flexibility if rates drop later
Best For
- ◆Long-term homeowners
- ◆First-time buyers prioritizing low payments
- ◆Buyers who want predictable budgeting
Qualification Requirements
- 01Minimum 620 FICO for most conventional 30-year loans
- 02Debt-to-income generally under 45–50%
- 032 years of documented income (W-2 or self-employed)
- 04Down payment can be gifted from a family member
Advantages
- +Lowest monthly payment of any fixed loan
- +Predictable budgeting for 360 months
- +Strong cash flow for savings/investing
Trade-Offs
- –More interest paid over life of loan
- –Equity builds slowly in early years
- –Slightly higher rate than 15-year fixed
How the Process Works
- 01Pre-approval in 1–2 days
- 02Home shopping with verified letter
- 03Full underwriting after offer accepted
- 04Close in 21–30 days
Frequently Asked
What is a 30-year fixed-rate mortgage?+
A home loan with an interest rate and principal-and-interest payment that stay the same for the entire 30-year (360-month) term.
Is a 30-year fixed mortgage a good idea in Washington?+
For most Washington buyers, yes — it offers the lowest monthly payment and protects against future rate increases in a high-cost market like Kitsap County.
Can I pay off a 30-year mortgage early?+
Yes. Our 30-year fixed loans have no prepayment penalty, so you can add to principal monthly or pay off the loan early without fees.
Ready to Get Started?
Apply online in minutes or talk through your scenario with our team.