What is a Fixed Rate Mortgage?

A Fixed Rate mortgage is a mortgage with an interest rate that does not change over the life of the loan. The advantage of this type of loan is that your monthly principal and interest payments will not change. Fixed-rate mortgages are the most common mortgage for first-time home buyers because they're stable - allowing for predictability in your monthly housing costs.


What are the benefits of a fixed-rate mortgage?

  • Inflation protection
    If interest rates increase, your mortgage and your mortgage payment won't be affected. This is especially helpful if you plan to own your home for 5 or more years.
  • Long-term planning
    You know what your monthly mortgage expense will be for the entire term of your mortgage. This can help you plan for other expenses and long-term goals.
  • Low risk
    You always know what your mortgage payment will be, regardless of the current interest rate. This is why fixed-rate mortgages are so popular with first-time buyers.


Your actual rate, payment, and costs could be higher. Get an official Loan Estimate before choosing a loan.


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For more information about our current terms and rates call our Mortgage Lending Department: 800-272-6003 ext. 1474 or send an email request.


Whether you are purchasing, refinancing, building or using your equity, we offer mortgage products suitable for any lifestyle. We have trained mortgage professionals ready to answer your questions and help you find the loan that fits your needs. Let us help you determine the best and most economical mortgage product for you. We are able to provide Mortgage Lending Services in the following states: OH, WV, SC, NC, FL, TX and PA.