Fixed-Rate Mortgages

Predictability meets affordability. Our competitive, fixed-rate mortgages are all about peace of mind and long-term stability.

Wave goodbye to fluctuating rates.

With a fixed-rate mortgage your interest rate won't change no matter what happens in the economy.

Today's Rates: Fixed-Rate Mortgages

Term Rate APR Points
3% Down³ 7.250% 7.874% 0.375%
5-Year TermBuster⁴ 6.125% 6.126% 0.000%
7-Year TermBuster⁵ 6.250% 6.251% 0.000%
10-Year Termbuster⁶ 6.375% 6.376% 0.000%
15-Year Conforming⁷ 6.375% 6.562% 0.375%
30-Year Conforming⁸ 6.875% 6.980% 0.250%
30-Year Jumbo⁹ 6.875% 6.957% 0.250%

What is a Fixed-Rate Mortgage?

A fixed-rate mortgage is a type of home loan where the interest rate and payments remain the same for the life of the loan. Let's say you get a fixed-rate mortgage for 30 years. Your monthly payment will stay the same for the entire 30 years.8

Why is this important? Well, let's imagine if the interest rate wasn't fixed. That would mean your rate could go up or down and you wouldn't have much control over it. Your monthly mortgage payments could become unpredictable and possibly more costly if the interest rate goes up.

 

When should you consider a Fixed-Rate Mortgage?

Are you aspiring to own a home, lower your current rate, or pay off your mortgage ahead of schedule? A fixed-rate mortgage may be the right choice for you. You should consider a fixed-rate mortgage if you're not planning to sell your home in the near future, or if you value stability and peace of mind in knowing that your monthly payment will remain consistent over the life of your loan.

Features

CONFORMING/SUPER CONFORMING FIXED-RATE 3% DOWN FIXED-RATE TERMBUSTER JUMBO FIXED-RATE
TERM 157, 2010, or 30-year8 30-year3 54, 75, or 10-year6 1511, 2012, or 30-year9
MAXIMUM LOAN AMOUNT (1-UNIT, SAN DIEGO) $1,006,250 $766,550 $1,006,250 $2,250,000
MAXIMUM LOAN AMOUNT (4-UNIT, SAN DIEGO) $1,935,150 N/A N/A N/A
MINIMUM DOWN PAYMENT As low as 5%1 depending on loan amount 3% Down Refinance only As low as 5%2 depending on loan amount
TRANSACTION TYPE Purchase or Refinance Purchase Refinance Purchase or Refinance
PROPERTY USE Owner occupied, 2nd home, Investment Owner occupied Owner occupied, 2nd home, Investment Owner occupied, 2nd home, Investment
PROPERTY TYPE Single family, Condo, 2-4 unit Single family, Condo Single family, Condo, 2-4 unit Single family, Condo
MORTGAGE INSURANCE Standard monthly premium Standard monthly premium Standard monthly premium Standard monthly premium
LENDER CLOSING COSTS $0 out of pocket options $0 out of pocket options $0 out of pocket options, $2,500 lender credit, Seller credit allowed $0 out of pocket options

Review your options with a Mortgage Loan Officer.


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APR= Annual Percentage Rate.

  1. 30-year, fixed-rate with an interest rate of 8.625%, APR 9.046% and monthly payments of $5,416.13 inclusive of mortgage insurance. This does not include property insurance or taxes and assumes property value $700,000, 95% LTV, single family, owner-occupied, credit score 740+.
  2. 30-year, fixed-rate with an interest rate of 8.250%, APR 8.648% and monthly payments of $9,730.97 inclusive of mortgage insurance. This does not include property insurance or taxes and assumes property value $1,300,000, 95% LTV, single family, owner-occupied, credit score 740+.
  1. 3% Down fixed-rate estimated monthly payments.
  2. 5-Year TermBuster estimated monthly payments.
  3. 7-Year TermBuster estimated monthly payments.
  4. 10-Year TermBuster estimated monthly payments.
  5. 15-Year Conforming fixed-rate estimated monthly payments.
  6. 30-Year Conforming fixed-rate estimated monthly payments.
  7. 30-Year Jumbo fixed-rate estimated monthly payments.
  8. 20-Year Conforming fixed-rate estimated monthly payments.
  9. 15-Year Jumbo fixed-rate estimated monthly payments.
  10. 20-Year Jumbo fixed-rate estimated monthly payments.

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