15-Year Fixed Rate Mortgages
Get a fast, no-obligation quote on a 15-year fixed-rate mortgage and start saving thousands of dollars in interest over the life of your loan.
Unlock Your Financial Future with a 15-Year Fixed Rate Mortgage!
Do I Qualify?
Explore the benefits of a shorter loan term, check your eligibility, and calculate your potential monthly payment. With competitive rates and consistent monthly payments, this loan can help you achieve a debt-free future in half the time of a standard 30-year loan.
Why Choose a 15-Year Fixed Rate?
Our 15-year fixed mortgages are fully amortized over 15 years, meaning your monthly payments remain steady and predictable throughout the term.
This option provides all the benefits of a 30-year mortgage, plus a lower interest rate and faster payoff — helping you save on long-term interest costs.
The trade-off: the monthly payment is higher than a 30-year loan. Some borrowers choose a 30-year loan but make extra principal payments to achieve a similar payoff timeline, which can provide added flexibility during financial changes.
We’re here to make the process simple and stress-free, starting with our 15-Year Fixed Rate Mortgage Qualifier and expert guidance every step of the way.
The average 15-year fixed mortgage rate in the U.S. is currently around 6.4%–6.6% for well-qualified borrowers — often about 0.5%–0.7% lower than 30-year fixed rates, helping you save on interest over time.
The 15-Year Fixed Rate Mortgage Loan Process
- Check Eligibility:Review your income, credit score, and debt-to-income ratio.
- Choose a Lender: Compare lenders offering 15-year fixed-rate mortgages.
- Get Pre-Approved:Submit financial details to get pre-approval.
- Find a Home:Search for a property within your budget.
- Submit Application: Complete the loan application with required documentation.
- Home Appraisal:Lender orders an appraisal to confirm the property's value.
- Loan Processing:Lender reviews your application and approves the loan.