Modern Kitchen

Fixed Rate Mortgages

Our fixed rate mortgage is a very popular choice for homeowners. It may provide you lower monthly payments than shorter-term options as well as payment consistency for your budget. The only time your monthly payment will change is if your property taxes or insurance changes.

Highlights of a Fixed Rate Mortgage

Lower Monthly Payments

Your monthly payments may be lower because they are spread across the full term of the loan.

Helps Your Budget

Your payments will be consistent with this fixed rate product and thus easier for budgeting, assuming property taxes and insurance remain the same.

 Down Payment
Options

You have down payment options depending on your budget and financial situation. Your down payment may be as low as 3%. 

No Prepayment Penalties

Decide to pay off your mortgage early? We can help with that, and you will not have to pay any penalties.

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Fixed Rate Term Options

Fixed rate loans are available in several different term lengths.

10

Years

15

Years

20

Years

25

Years

30

Years

Property Specifications

Our Fixed Rate Mortgage Products can be used as a financing solution for many different types of properties, including:

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  • Single Family

  • Condos

  • Manufactured Homes

  • 1 to 4 Unit Properties

Apply Today

With Fay Mortgage, the process is fast. Easy. And Secure.