Fixed-rate mortgage
Predictable payments for the life of your loan
With a fixed-rate mortgage, you're protected from rising interest rates, no matter what.
Get startedWhat is a fixed-rate mortgage?
Fixed-rate mortgage basics
- With a fixed-rate mortgage, your interest rate and monthly payment stays the same for the entire term of the loan.
- Fixed-rate mortgages are available in conforming or jumbo loan (en inglés) amounts.
- The 30-year fixed-rate mortgage is the most common loan type, but a 20-year or 15-year term could make sense if you want to pay off your mortgage sooner (en inglés).
Fixed-rate mortgage benefits
- You get the comfort of knowing your payments won't increase even if mortgage rates go up.
- Predictable monthly payments make it easier to set your budget and plan for future expenses.
- Fixed-rate mortgages require down payments as low as 3%, which makes them a great choice if you are buying a home on a budget (en inglés).
Fixed-rate mortgage terms
30-year fixed-rate mortgage
- Monthly payment is lower than a 20- or 15-year term
- Interest paid over the full loan term is higher than a 20- or 15-year term
- May qualify for a larger loan amount
20-year fixed-rate mortgage
- Monthly payment is higher than a 30-year term, and lower than a 15-year term
- Interest paid over the full loan term is lower than a 30-year term, and higher than a 15-year term
15-year fixed-rate mortgage
- Monthly payment is higher than a 20- or 30-year term
- Interest paid over the full loan term is lower than a 20- or 30-year term
Other mortgage loan types to consider
Adjustable-rate mortgage
Lower introductory rate, which changes periodically in the future
FHA loan
Flexible credit and income guidelines with down payments as low as 3.5%
VA loan
Financing for service members through the Department of Veterans Affairs
Get a customized rate and payment
See how much you could qualify to borrow and what your estimated rate and payment would be. It takes just a few minutes and won’t affect your credit score.
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Si extiende el plazo de su préstamo, podría pagar más intereses durante la vigencia de su préstamo.
Si usted es miembro de las Fuerzas Armadas en servicio activo, cónyuge, pareja o dependiente elegible de dicho miembro, o si actualmente recibe beneficios en virtud de la Servicemembers Civil Relief Act [Ley de Ayuda Civil a Miembros de las Fuerzas Armadas] (SCRA, por sus siglas en inglés), consulte con su asesor legal antes de solicitar un refinanciamiento de su préstamo hipotecario actual. En algunos casos, un refinanciamiento podría afectar su elegibilidad para recibir beneficios en virtud de la Servicemembers Civil Relief Act o la ley estatal aplicable.
¿Cómo fue su experiencia? Denos su opinión.
Con un pago inicial bajo, se requerirá un seguro hipotecario, lo cual aumenta el costo del préstamo y aumentará el pago mensual.
Wells Fargo Home Mortgage es una división de Wells Fargo Bank, N.A.
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