Vietnamese
Spanish
Cambodia Icon
HMong
(303) 649-1245
APPLY NOW
UPLOAD DOCS
logologo
  • Purchase
    • Making Sure You Are Pre-Qualified
    • First Time Home Buyer
    • Homes For Veterans
    • Investment Property
  • Refinance
    • Lower Your Payment
    • Consolidate Your Debt
    • Pay Off Your Mortgage Faster
  • Loan Options
    • VA Loans
    • FHA Loans
    • Conventional Loans
    • 15-Year Fixed Rate
    • 30-Year Fixed Rates
    • Investor Loan
    • Reverse Mortgage
  • Apply Online
    • Pre-Qualification Form
    • Free Personalized Rate Quote
    • Mortgage Calculator
  • Houz Mortgage Locations
    • Aurora
    • Boulder
    • Breckenridge
    • Colorado Springs
    • Denver
    • Durango
    • Fort Collins
    • Glenwood Springs
    • Grand Junction
    • Greeley
    • Loveland
    • Longmont
    • Pueblo
    • Silverthorne
    • Steamboat Springs
    • Vail
  • News
    • Weekly Rate Update
    • Why You Need To Use A Mortgage Broker In Your Home Search
    • Finding the Best Mortgage Rates for You
    • What Is a Mortgage Calculator and How You Can Benefit From It
    • Real estate wire fraud is alive and well. what can you do to prevent it?
    • Settlement Reached On 2017 EQUIFAX BREACH. Don’t Snooze If You Were Affected By It
    • Strong Job Growth In June Pushing Rates Higher
    • Giant Tech Companies To Build Housing To Attract Highly-Skilled Workers
    • Home Builders See Labor Shortage As Their Biggest Concern For 2019
    • Crooks are out yo get your IRS refund
    • Avoiding a Nightmare Contractor
    • Savvy Flippers Know the Score
    • Myths About Realtors That Need To Go Away
    • Voice Activated Personal Assistants are Fun and a Little Scary
    • Selling Your Home on Your Own? It’s No Walk in The Park
    • When Reality Really Means Fantasy in Real Estate TV Shows
    • A Semi-Myth: Rising Tides In Real Estate Values
    • Does Remodeling Make Economic Sense?
    • Government programs helping to rebuild after natural disasters
  • About Us
    • Testimonials
    • Review Us
    • Submit Feedback
    • Licensing
    • Privacy Policy
  • Contact Us

30-YEAR
FIXED LOANS

30-year fixed loans offer a fixed interest rate and I ower payments spread over 30 years.

GET STARTED

WHO 30-YEAR FIXED LOANS ARE BEST FOR

People who want lower monthly payments and an interest rate that never changes over the entire life of the loan. Read more about other benefits below.

HOW 30-YEAR FIXED LOANS WORK

You’ll pay off your mortgage in 30 years. Although you’ll pay more interest over the life of the loan compared to a 15-year fixed loan, your monthly payments will lower.

Because your interest rate is locked for the life for the life of your loan, your principal and interest payment won’t change over the life of your loan. The amount for your taxes and insurance can go up and down.

You may have to pay for mortgage insurance, depending on your down payment amount if your buying a home, or how much equity you have if your refinancing.

WHAT YOU’LL NEED TO QUALIFY FOR A
30-YEAR FIXED LOAN

  • A minimum 3% down payment.
  • A minimum FICO Score of 620.
  • A dept-to-income ratio (DTI) of no more than 50%. Estimate your DTI by adding
    your monthly dept payments (such as credit card and car payments) and dividing the total by your monthly income before taxes.
  • Money to cover closing costs, which are about 2% – 6% of the purchase price.

TAKE THE FIRST
STEP TOWARD THE
RIGHT MORTGAGE.

Apply online with Houz Mortgage or enter some
into to get a call from a Home Loan Expert. You’ll
get a personalized recommendation on which
loan option is best for you.

ENTER MY INFO

15-YEAR FIXED
MORTGAGE RATES

PRODUCT RATE APR
Conforming 15 Year Fixed
3.375%
3.631%
DISCLAIMERS

30-YEAR-FIXED-RATE MORTGAGE:

The payment on a $200,000 30-year Fixed-Rate Loan at 3.375% and 74.91% loan
-to-value (LTV) is $884.2 with 2.00 points due of closing. The Annual Percentage
Rate (APR) is 3.631%. Payment does not include taxes and insurance premiums. The
actual payment amount will be greater. Some state and country maximum loan
amount restriction may apply.

30-YEAR FIXED LOAN BENEFITS

  • Your monthly payments will be less for a 30-year fixed loan than a 15-year fixed loan, even though interest rates for a 15-year fixed loan are generally a little lower. That’s because your payment will be spread out over a longer period.
  • You can pay off your mortgage at any time without prepayment penalties.
  • You may be able to avoid mortgage insurance with a down payment of 20% or higher.
  • Your interest rate is fixed for the life of the loan, so you don’t have worry about rising rates.
  • You can buy a home with as little as 3% down.
  • You can refinance your home for up to 97% of its value.

MORTGAGE INSURANCE REQUIREMENTS

You’ll have to pay primary mortgage insurance (PMI) if your down payment is less than 20%.

  • This typically costs between 0.5% and 1% of your loan amount per year, spread over 12 payments.
  • Once you reach 20% equity in your home, you may be able to request to cancel PMI.
  • PMI is often cancelled automatically once you reach 22% equity.
Close

READY TO APPLY?

Mortgage Lender | Apply Online
Mortgage Lender | Get a Call
Mortgage Lender | Chat Now!

Contact Information

PHONE: (303) 649-1245

FAX: (888) 752-8254

ADDRESS: 10700 E Geddes Ave, Suite 155 Englewood, CO 80112

Facebook
Google+
LinkedIn
Best Mortgage Brokers in Denver

Terms and Conditions Apply. HOUZ MORTGAGE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet Houz Mortgage’s and/or investor underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Rates and Terms are subject to change at any time without notice and are subject to state restrictions. Licensed by the Colorado Division of Real Estate. Houz Mortgage loans are originated by Colorado Homesmartz, LLC DBA Houz Mortgage, NMLS # 1578407. (www.nmlsconsumeraccess.org)

Lowest rates are reserved for most creditworthy applicants; not all who apply will qualify for the top tiers. Rates and APRs are subject to change and may not be available at the time of lock or loan commitment. Interest rates are subject to potential increases over the life of the loan, once the initial fixed-rate period expires. APR for adjustable rate mortgages are subject to increase after fixed rate period and does not include 3rd party costs or prepaid interest. Please contact one of our Licensed Mortgage Loan Originators at (303) 649-1245 for a customized rate and payment quote.


© 2020 houzmortgage.com

Upload Docs

Mortgage Form

Property Type

Single Family

Multi Family

Town House

Condo

Next

Bankruptcy / Foreclosure in the past 3 years?

Back    Next

Zip Code

Back     Next

Rate Your Credit

(Most people have GOOD credit)

Excellent

Good

Average

Fair

Poor

Back    Next

Upload Docs

Application

  • Fast Application
  • Full Application

Fast Application

HOUZ makes

HOME possible!

What do you want to do today?

Refinance

Purchase New Home

Property Type

Single Family

Multi Family

Town House

Condo

Back    Next

Bankruptcy / Foreclosure in the past 3 years?

Back    Next

Zip Code

Back     Next

Rate Your Credit

(Most people have GOOD credit)

Excellent

Good

Average

Fair

Poor

Back    Next

COVID-19 Update

March 12: Today, we closed Houz's Englewood office and asked everyone based there to work from home as a precaution due to COVID-19. Houz was prepared for this and is fully functioning during this time. Please do not bring any paperwork to the office and make alternative arrangements by calling (303) 649-1245 or by contacting your personal loan team until further notice.