Personal » Borrowing » Mortgages » Current Mortgage Products

30 Year Fixed Rate Mortgage

Features:
This mortgage has a fixed interest rate for 30 years. The principal and interest portion of your monthly payment will not change while taxes and insurance will adjust. The monthly payment amount is sufficient to pay back principal and interest in 30 years.

Benefit:
You have security in the fixed principal and interest amount of your monthly payment.

Disadvantage:
This mortgage will probably have the highest interest rate of the common loan types. It may not be wise to pay the higher rate if you plan to own the house for only a few years.

Tip:
Some borrowers can save money and pay off their mortgages sooner by making bi-weekly payments.
 

Loan Purpose Loan
Amount
Maximum
Loan to Value
Mortgage
Insurance
Required
Terms
(Years)
Purchase $0-$484,350 0.00%-80.00% No 25, 30
Purchase $0-$484,350 80.01%-95.00% Yes 25, 30
No Cash Out Refinance $0-$484,350 0.00%-80.00% No 25, 30
No Cash Out Refinance $0-$484,350 80.01%-95.00% Yes 25, 30
Cash Out Refinance $0-$484,350 0.00%-80.00% No 25, 30

 

Displayed product information is valid for a 1 unit property only. For information on a property with more than 1 unit, please call 1-877-261-2820.
Need Help?

Need Help?

Contact Us Today:
1-800-242-2265
Dollar Bank representatives are available Monday - Friday from 8:00 AM to 8:00 PM and Saturday from 9:00 AM to 3:00 PM.

E-mail Us »

Schedule a Branch Appointment »