Explore our rates todayView all rates

15-Year Fixed

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


Legal Disclosure & Assumption

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.

See what's possible

Use our calculators to see what homeownership could look like for you.

Refinance:

A few clicks can mean years of savings

Refine your mortgage now to save money and enjoy future financial benefits.

DAILY REFINANCE MORTGAGE RATES (May 17, 2024)

Disclaimer

Buy a home:

Seamless Home Purchase Solutions

Explore personalized mortgage options tailored to your needs.

DAILY PURCHASE MORTGAGE RATES (May 17, 2024)

Disclaimer
Mortgage Solutions

Discover your true buying power with our

Learn from our experience

0.0/5

Most of customers who sell and buy with Pacificwide recommend us.

(0 reviews)

See our reviews on Google

Gain a better understanding of your mortgage payments

Get expert tips straight to your inbox

Discover ways to increase your home's value and stay on top of local trends.

Pacificwide Real Estate

We connect you with the most up-to-date real estate tools for your home search and save more with us.

Pacificwide mortgage

We provide 24/7 customer support and secure platform for 100% online mortgage application.

Pacificwide property management

Get free repair estimates and rest easy with our property management team.

ABOUT US

Careers

Loan Processors & Real Estate Agents

Terms Of Use

Email And Text Policy

Privacy Policy

FAQs

CONTACT US

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

San Jose, California, 95121

(408) 532-1278

mortgage@pacificwide.com

Pacificwide is a Bay Area real estate & mortgage company that serves all your homeownership needs, NMLS Unique Identifier #272883. ©2023 Pacificwide Real Estate & Mortgage. All Rights Reserved.

Do you have any questions? We are here to help!