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15 Year Fixed Rate
A 15-year fixed rate loan gives you a locked interest rate and a faster path to full ownership. Higher monthly payments, but long-term savings.
WHAT IS A 15-YEAR FIXED RATE LOAN?
A 15-year fixed rate mortgage keeps your interest rate locked for the life of the loan while cutting your payoff time in half compared to a 30-year loan.
You build equity faster and pay far less in total interest, making it a strong option for buyers focused on long-term financial efficiency.
Faster Payoff
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Own your home in 15 years
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Build equity at a much faster pace
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Strong long-term financial position
Lower Total Interest
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Save thousands over the life of the loan
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Typically lower interest rates than 30-year loans
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More of your payment goes toward principal
Common Questions About 15 Year Loans
Are monthly payments higher than a 30-year loan?
Yes. Payments are higher because the loan is paid off faster.
Do 15-year loans have lower interest rates?
Typically yes. They often come with lower rates than 30-year options.
Who should consider a 15-year loan?
Buyers with strong income who want to save on interest and build equity quickly.
Can I switch to a 15-year loan later?
Yes. Many homeowners refinance into a 15-year loan once their finances improve.
