15-Year Fixed-Rate Mortgages Are Available!

This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan plus a lower interest rate, and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years.

We’re here to make the home loan process easier with tools and knowledge that will help guide you along the way, starting with our 15-Year Fixed Rate Mortgage Qualifier.

We’ll help you clearly see the differences between loan programs, allowing you to choose the right one for you, whether you’re a first-time home buyer or a repeat buyer.

The 15-Year Fixed Rate Mortgage Loan Process

Here’s how our home loan process works:

*VA loans are subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits. Fairway is not affiliated with any government agencies. These materials are not from the VA, HUD, or FHA and were not approved by the VA, HUD, FHA, or any other government agency.