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San Jose, CA 95121

15-Year Fixed

Rapid Equity Buildup and Interest Savings

The 15-year fixed-rate mortgage is a compelling home loan choice for many. If you are interested in higher monthly payments that come with the major upside of a much quicker path to outright ownership, and the reassurance of a fixed interest rate, the 15-year fixed mortgage is definitely worth your consideration.

Empowering you to buy the home you deserve

It only takes 3-minutes to explore your options, and it won’t affect your credit score — no commitment required.

Today's Mortgage Rates

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15-Year Fixed Requirements

Minimum 640 Credit Score

Most lenders require a minimum credit score of 640 for 15-year fixed loans.

10% Down Payment

A 15-year fixed mortgage generally requires a down payment of at least 10%.

2% – 5% In Closing Costs

You’ll need 2% – 5% of the total purchase price to cover closing costs.

Debt-To-Income Ratio ≤ 43%

You’ll need a debt-to-income ratio (DTI) of no more than 43%.

15-Year Fixed Benefits

Rapid equity buildup

Allowing borrowers to accumulate home equity at an accelerated pace.

Lower interest rates compared to longer terms

Resulting in significant interest savings over the life of the loan.

Quicker homeownership

Enabling borrowers to fully own their homes in a shorter timeframe.

Suitable for higher-income borrowers

Providing an opportunity to pay off the mortgage quickly and save on interest costs.

15-Year Fixed Loan Options

Conventional 15-Year Fixed

The conventional 15-year fixed mortgage presents the security of a locked-in, comparatively lower monthly payment for its shorter term.

FHA 15-Year Fixed

The FHA 15-year fixed mortgage delivers the certainty of a guaranteed, comparatively lower monthly mortgage payment for its shorter term, suited for new buyers.

VA 15-Year Fixed

The VA 15-year fixed mortgage offers the assurance of a fixed, relatively lower monthly mortgage payment for its short span, supporting our service members.

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LOAN OPTIONS

30-Year Fixed

25-Year-Fixed

15-Year-Fixed

Adjustable Rate Mortgage

Conventional

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USDA Loans

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3005 Silver Creek Rd STE 210-214, San Jose, CA 95121

San Jose, California, 95121

(408) 532-1278

mortgage@pacificwide.com

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