Fixed rate mortgages - 20, 15 and 10 year Mortgage Rates are Rising Again


Mortgage Rates on the 15 Year Fixed & 10 Year Fixed start rising again from Historical Lows

  • Plan to stay in your home for longer than 5 to 7 years?
  • Do you want to pay less interest over the course of your loan than you would on a 30-year mortgage?
  • Do you want the security of a consistent rate and payment?
  • Do you want to pay off your mortgage as fast as possible and are willing to pay a higher payment in order to do so?

Qualifying for a 20, 15 or 10 Year Loan - Fannie Mae

  • Get a refinance for up to 95% of your property value
  • Get a purchase mortgage with just 5% downpayment
  • Loan amounts from $50,000 to over $1,000,000
  • Credit Score requirement 620+

How much does a 20 Year or 15 Year mortgage save you vs. a 30 Year?

Savings in a 20 or 15 year mortgage

The Fine Print - Right Up Front!

  • Need relatively higher income to maintain an acceptable debt-to-income ratio
  • Optionally waive escrows - don't include property taxes and insurance in your mortgage payment
  • Payment stays fixed for the entire term
  • Rates mentioned on this page are indicative and averages across Texas and California. Your actual rate would depend on various factors such as your credit history and amount of home equity.
  • Loans options available with and without closing costs
  • No prepayment penalty!
Mortgage Rate Chart - Click a loan type below to view the trend