FOR HOME BUYERS AND HOMEOWNERS

30-Year Fixed-Rate Mortgage

At Simply Approved Mortgages, we specialize in providing comprehensive mortgage solutions tailored to your needs. Our focus on 30-year fixed mortgages ensures that you get the stability and predictability you need in your home financing journey.

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30-Year Fixed-Rate Mortgage Overview

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What Is a 30-Year Fixed-Rate Mortgage?

A 30-year fixed-rate mortgage is one of the most popular home loan options in the United States. It provides borrowers with consistent monthly payments over 30 years, making homeownership more affordable and predictable.

Disclaimer: Advertised rates and fees depend on borrower qualifications and market fluctuations.

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Benefits of a 30-Year Fixed-Rate Mortgage

 

  1. Stable Monthly Payments:

    • Fixed interest rates mean your payments remain consistent for the life of the loan.
  2. Affordable Payments:

    • Spreading the loan over 30 years results in lower monthly payments compared to shorter-term mortgages.
  3. Flexibility:

    • Allows you to allocate funds toward other financial goals while maintaining manageable housing costs.
  4. Long-Term Homeownership:

    • Ideal for those planning to stay in their home for an extended period.

At Simply Approved Mortgages, we operate with a 1.5% fee, significantly below the industry standard. This ensures more savings for borrowers without compromising service quality.

Disclaimer: Simply Approved Mortgages complies with all state and federal licensing requirements that we are licensed in.

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Is a 30-Year Fixed-Rate Mortgage Right for You?

This mortgage option is well-suited for:

  • First-time homebuyers who want to keep monthly payments low.
  • Homebuyers who prioritize long-term stability.
  • Borrowers with limited savings for a down payment but strong income stability.
Simplify your mortgage journey process with Simply Approved Mortgages.
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Eligibility Requirements for a 15-Year Fixed Mortgage

  1. Credit Score:

    • A minimum credit score of 620 is typically required.
  2. Debt-to-Income Ratio (DTI):

    • Should not exceed 50%, although lower DTIs improve approval chances.
  3. Down Payment:

    • As low as 3%–5% for conventional loans, depending on the lender.
  4. Property Type:

    • Primary residences, vacation homes, and investment properties are eligible.
  5. Income Verification:

    • Steady income for at least two years is required.
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How to Apply for a 30-Year Fixed-Rate Mortgage

  • Gather Documentation:

    • Refer to our Document Checklist for a detailed list of required items, including pay stubs, W-2s, and bank statements.
  • Get Pre-Approved:

  • Your Mortgage Journey Starts Here:

    • Explore buying or refinancing solutions tailored to your needs and financial goals.
  • Close Your Loan:

    • Finalize the mortgage process and receive the keys to your new home!
Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates – 30-Year Fixed-Rate Mortgage Colorado - 30-Year Fixed-Rate Mortgage Florida - 30-Year Fixed-Rate Mortgage - Buying a Second Home - Cash-Out Refinance - Cash-Out Refinance in Colorado - Cash-Out Refinance in Florida - doctor mortgage loan program - DSCR and Business Purpose Loans – DSCR – DSCR Loans - Business Purpose Loans - FHA loan limits – credit score - Home Affordability Calculator - mortgage learning center - learning center - Mortgage Calculator - Mortgage Refinancing - Net Proceeds Calculator - Prime Rates- Refinance Calculator - Rent vs Buy Calculator - Loan Officer Jobs - Mortgages for Americans buying in Canada -

Explore Our Mortgage Solutions

At Simply Approved Mortgages, we offer a wide range of mortgage products tailored to meet your needs:

👉 Explore these options today and find the perfect mortgage solution for your needs!

Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates - 2

Why Simply Approved Mortgages Stands Out

At Simply Approved Mortgages, we redefine what it means to provide exceptional mortgage services. Here’s why we’re the better choice:

Lower Fees, Bigger Savings:

With our industry-leading 1.5% fee, compared to the standard 2.75%, we save you thousands while offering competitive rates tailored to your needs. Learn More.

Expert Guidance:

Our team of seasoned professionals is dedicated to simplifying the mortgage process, providing personalized solutions, and ensuring you feel confident every step of the way.

Transparent and Trustworthy:

We prioritize honesty and clarity. From disclosing every detail upfront to ensuring no hidden surprises, we build trust through our commitment to your financial success.

Choose Simply Approved Mortgages for a smarter, more affordable way to achieve your homeownership or refinancing goals.

Guidelines For This Loan

Mortgage Approval Requirements

You can buy a home or refinance an existing mortgage. Review the requirements.

Credit Score Guidelines

Applicants usually need a credit score of at least 620 to meet the criteria.

Debt-to-Income Ratio Requirements

To qualify, your debt-to-income (DTI) ratio should generally be below 50%.

Closing Costs Requirements

Closing costs are a necessary expense, so you’ll need enough savings.

Need answers?

 Start your mortgage journey with us today!

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With An Expert

Phone

877-813-7219

Frequently Asked Questions About 30-Year Fixed Mortgages

What makes a 30-year fixed mortgage unique?

Its fixed interest rate and long repayment term provide consistent payments and affordability.

No, they are available to any qualified borrower, including those purchasing vacation homes or investment properties.

Yes, paying extra toward your principal can reduce the loan term and total interest paid.

You can start your application process by contacting us directly or by filling out our online form.

Need answers?

 Start your mortgage journey with us today!

Chat

With An Expert

Phone

877-813-7219

What Credit Score Do You Need To Buy A House? - Credit score to buy a house - credit score is needed to buy a house - what credit score is needed to buy a house - Learning Center

Get Started With Our Mortgage Calculators

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Simply input your details and see how much equity you could access today. If you have questions or need assistance, our team is here to guide you every step of the way.

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No credit card is needed to sign up.

Remember that a good credit score can lower your interest rate on your mortgage.

Pre approval – Purchase – Refinance- HELOC – Second Mortgage – Second Mortgages – Home Equity Loan – Home Equity Loans – Reverse Mortgages - Reverse Mortgage - Investment Property - FHA Loan - Conventional Loan – Va Loan - USDA Loan - ITIN Mortgage – Cash Our Refinance - Non-QM Mortgage - Jumbo Loans – DSCR Loan – Business purpose loans - Investment Home LLC - DCSR Loan - Investment Home LLC - DCSR Loan- Foreign National - Foreign National – HELOC mortgage rates – home equity loan rates – second mortgage rates – refinance mortgage rates – purchase rates – fha rates – va loan rates – usda rates - Foreign National mortgage – Simply Approved Mortgages – Best mortgage rates – 30-Year Fixed-Rate Mortgage Colorado - 30-Year Fixed-Rate Mortgage Florida - 30-Year Fixed-Rate Mortgage - Buying a Second Home - Cash-Out Refinance - Cash-Out Refinance in Colorado - Cash-Out Refinance in Florida - doctor mortgage loan program - DSCR and Business Purpose Loans – DSCR – DSCR Loans - Business Purpose Loans - FHA loan limits – credit score - Home Affordability Calculator - mortgage learning center - learning center - Mortgage Calculator - Mortgage Refinancing - Net Proceeds Calculator - Prime Rates- Refinance Calculator - Rent vs Buy Calculator - Loan Officer Jobs - Mortgages for Americans buying in Canada - 2

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