30-Year Mortgage

Maximize your home purchase budget and enjoy lower monthly payments with a fixed, competitive interest rate. Historically, the 30-year fixed loan is the mortgage industry's most popular type of loan. It's known for its repayment term of 30 years, with affordable payments spread out equally over that timeframe. Best of all, your interest rate is locked when the loan is finalized.

4.7

6,800+ Google reviews

4.9

1,700+ Zillow reviews

4.8

1,500+ BBB reviews

← Back to Home Mortgage Types

30-Year Mortgage has proved popular with the following

Homebuyers planning to stay in their home at least 5-7 years.
Homebuyers interested in buying more house for their money. Its lower payments allow borrowers to take out a larger loan because it's easier to afford the payback over a longer term.

Of course, you don't need to fall into either category to appreciate the savings this mortgage provides homebuyers. Check out the advantages below and what you need to know when considering your options.

Advantages

Competitive interest rates
Low monthly payments
A fixed rate, so no surprises over the life of the loan
Down payment options as low as 5%

What you need to know

This is by far the most popular loan option in the industry. It's safe. Yet, there's more time for interest to accrue. However, if you offer less than a 20% down payment, expect to pay private mortgage insurance (PMI) until you've reached 78% loan to value (LTV). Keep in mind that PMI is often less expensive than the monthly mortgage insurance that accompanies an FHA loan.

Understanding the way your mortgage amortizes is a great way to know which loan option is best for you. Get your questions answered and find a custom loan that makes sense for your financial goals. It just takes one call to American Financing.

Pre-qualify for free

What type of loan program are you interested in?

Purchase

Refinance

Reverse mortgage

First name

Last name

Email address

Phone number

By submitting this form, I am allowing American Financing to contact me, including through the use of an automated dialer, voice or text, at the number above, even if my telephone number is listed on any Do-Not-Call list. Alternatively, I can choose a day and time that's most convenient for me. I understand that I do not have to consent to receive such calls or text messages in order to purchase goods or services from American Financing. I also understand that American Financing does not share my contact information with affiliates or third parties.

Home mortgage types

Your Term, Your Mortgage

Adjustable Rate Mortgage