30 Year Fixed Rate Mortgage

30 Year Fixed Rate Mortgage terms give you the lowest payment you can ask for on a mortgage while still knowing that you are paying down some of the principal.  They give you the comfort to know that your rate will not change and your payment should stay the same over the course of the 30 years.  Always know that your payment can adjust though, if you have an escrow account set up to cover your property taxes and homeowner’s insurance. These two items are not fixed and can change annually so it is wise to keep up with them each year that way your mortgage payment doesn’t surprise you if it does change a little bit. The escrow account is like a small savings account to put your taxes and insurance in each month to make sure you have the right amount of funds to pay your taxes and homeowner’s insurance when they are due. Why choose the 30 year fixed rate mortgage?

How it Works

  • Monthly payments based on interest rate, principal loan amount, and amortized interest over 30 years
  • Your mortgage payment that includes principal and interest will not change over the 30 year course
  • The payment for a 30 year does vary depending on the loan product you use and what the current rates are
  • You can pay your mortgage payment off anytime without the risk of a pre payment penalty

Qualification Requirements

  • Refinance of up 97.5% of your mortgage and up to 85% if you are trying to get cash out to pay off high interest loans like credit cards or do home improvements
  • We look for all borrowers to be minimum credit of 620 and we use all three bureaus which we go off of the middle score of the three bureaus
  • We have the ability to do loan amounts as low as $50,000 and as high as $2,000,000

Don’t hesitate to call us for any mortgage question you may have. We specialize in purchase and refinance home loans.  One of our mortgage loan officers will be glad to help you out today and get you a low rate and low cost 30 year fixed rate mortgage home loan!

Working with Reliant Mortgage

  • We treat every client equal. Everyone that works with us knows that they are first in our eyes.
  • Reliant Mortgage offers some of the best rates and lowest closing cost in the nation!
  • Efficient and Fast, you can expect your mortgage loan to close in 30 days or less!
  • At Reliant Mortgage, we are the experts. Let us provide you professional advice on the right mortgage product for you. Every situations is different and its our job to find the right product for you based on your situation.