Skip to content

Fixed-Rate Mortgage: Your Best Home Loan Option?

A fixed-rate mortgage guarantees your monthly payments remain stable over the life of the loan. This puts you in control of your budget, helping eliminate surprises brought on by fluctuating interest rates. Sound enticing?

Scroll down to learn more about a fixed-rate mortgage or talk to an expert, utilize our easy loan wizard to explore rates and payments or get approved now.

The Nuts And Bolts

The Nuts And Bolts

  • While your mortgage payment and interest rate will not change, there could be other factors to consider that determine your total monthly payment such as property taxes and insurance if you have an escrow account.
  • You can purchase a new home with as little as 3% down.
  • You can refinance up to 95% of your primary home's value.
  • Cash out refinance is permitted.
  • You may get a fixed-rate mortgage for up to $548,251. Have larger needs? Check out our super-conforming and jumbo mortgage options.
  • Credit a consideration? No problem – credit scores as low as 620 may qualify.
  • Sellers can help too! Up to 9% of seller contributions are allowed toward closing costs.
More Details And Specifics

More Details And Specifics

  • Fixed-Rate Mortgages can be used to purchase or refinance a primary residence, second home or investment property.
  • Eligible properties include Single Family Residences, Planned Unit Developments (PUDs), Condos and Multi-Family (2-4) Units.
A Few Extras

A Few Extras

  • You have multiple mortgage insurance options for loans with less than 20% down payment or equity.
  • Want to tie things up quickly? Pay off your mortgage at any time without prepayment penalties.
Everything to Know About a Fixed-Rate Mortgage | M&T Bank