FOR HOME BUYERS AND HOME OWNERS
15-Year Fixed Mortgage: Faster Ownership, Less Interest
A 15-year fixed-rate mortgage is a powerful option for buyers and refinancers who want to pay off their loan faster and save significantly on interest. With a locked-in rate and no prepayment penalties, this loan suits those seeking equity growth and long-term savings.
Build equity faster with a 15-year fixed home loan.
Lower Interest Rate
Usually lower than 30-year loans.
Build Equity Fast
Own more of your home sooner.
Save on Interest
Pay tens of thousands less over the life of the loan.
Predictable Payments
Fixed monthly cost for 15 years.
Guidelines for this Loan
If your details are close to these guidelines, we encourage you to apply or contact us. Even if you don’t qualify for an adjustable-rate mortgage, we could have other options for you.
Estimate and Explore
Calculators are a great way to learn and see what’s possible.
Down Payment Calculator
Learn how much cash you need to buy the home in your mind.
Get More In-Depth Details
Articles that give you more information about this loan and explain how mortgages work.
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Frequently Asked Questions
Answers to questions about this loan we heard from people like you during research.
Is It Harder to Qualify for a 15-Year Loan?
Yes, because of higher monthly payments. You need stable income and good credit.
Can I Refinance into a 15-Year Term?
Absolutely! Many borrowers refinance from 30-year to 15-year to save on interest.
What’s the Main Advantage Over 30-Year Loans?
You’ll save on interest and build home equity much faster.
Is There a Penalty for Paying It Off Early?
No. There are no prepayment penalties on this loan type.
Can I Still Put Down as Little as 3%?
Yes—loan type permitting. Conventional 15-year loans allow 3% down for first-time buyers.
