Fixed Rate Mortgage
Lock in a stable interest rate for the life of your loan — no surprises, ever.
Down Payment
3–20%+
Credit Score Min
620+
Loan Limits
$832,750
Best For
Long-term homeowners
The most straightforward home loan available
A fixed rate mortgage is the most straightforward home loan available: you borrow a set amount, agree on an interest rate, and that rate stays the same for the entire life of the loan — whether that's 10, 15, 20, or 30 years. Your principal and interest payment never changes, which makes budgeting simple and your long-term financial picture predictable.
This contrasts with adjustable rate mortgages (ARMs), which start at a fixed rate for an initial period and then fluctuate based on market indexes. Fixed rate mortgages trade that potential short-term savings for the certainty that your payment won't climb when interest rates rise — a powerful protection for homeowners planning to stay put.
At First Look Home Loans, fixed rate mortgages are available as conventional conforming loans (which meet Fannie Mae and Freddie Mac guidelines) or as government-backed products like FHA and VA loans — each of which can be structured on a fixed rate. The right term and structure depends on your goals, and we'll walk you through the tradeoffs in plain English.
Fixed Rate Mortgage at a glance
- Same monthly payment for the life of your loan
- 15, 20, or 30-year terms available
- Rate locks at closing — protected from market increases
- Available as conventional, FHA, or VA-backed
- Best for buyers planning to stay 7+ years
Conventional Home Loans
Who is it best for?
Fixed rate mortgages are the gold standard for homeowners who value stability and plan to stay in their home for the long haul. If the idea of a rising payment keeps you up at night, this is the loan for you.
Long-term homeowners
Buyers planning to stay in the home 7+ years get the most value from a locked rate.
Stability seekers
Anyone who values payment certainty over potential short-term rate savings.
Rate-environment buyers
Homeowners purchasing during a period of historically low rates — lock it in now.
First-time buyers
Those who want a simple, predictable product without complex adjustment scenarios.
Budget-conscious families
Families planning around a fixed monthly housing cost with no surprises.
Risk-averse borrowers
Buyers who dislike financial uncertainty or the risk of rising market rates.
Key Benefits
Payment Stability
Your principal and interest payment is locked in at closing and never changes — regardless of what interest rates do in the market. That's genuine peace of mind.
Easy to Budget
Knowing your exact mortgage payment every month makes long-term financial planning straightforward. No recalculating, no surprises, no adjustments.
Rate Security Against Market Changes
If rates rise significantly after you close, you're protected. Your locked rate becomes an asset — and if rates drop, you can always refinance.
Requirements
Common questions
Comparing your options?
Here are a couple of loan products worth comparing to a fixed rate mortgage.
Let's find your fixed rate mortgage.
Apply online and we'll start the process, or reach out to talk through your situation first. We average a 15-day clear-to-close — one of the fastest in the business.
NMLS #1898199 · Austin Williams NMLS #885656 · Equal Housing Opportunity