30-Year Fixed-Rate Mortgage

A loan you can live with.

We’re ready to take you home, sweet home. With affordable monthly payments lower than shorter-term loans, a 30-year fixed mortgage¹ is ideal for budget-minded borrowers planning on living in their home for a long time. Your payment is amortized over the term of the loan, meaning that your monthly payment of both the principal and interest have been calculated to pay off the loan at the end of your term. And because your interest rate is fixed, you can count on monthly payments that stay the same, no matter what.

FEATURES YOU'LL LOVE:

Competitive 30-year fixed mortgage rates
Predictable monthly payments make budgeting easy
Principal and interest won’t change over the life of the loan
No prepayment penalties
Easy online mortgage application

Our dedicated team at First Commercial Bank is ready to help you lock in a 30-year fixed mortgage rate that works for your future.

It’s our most popular mortgage, and for good reason.

Lower payments mean more borrowers are eligible to get a 30-year mortgage to pay for their homes. And with 30-year fixed mortgage rates, you’ll never have to worry about your payments going up if interest rates increase. Your home loan will be paid off completely in 30 years if you make all of your payments on time, but you also have the option to pay off the loan faster by contributing more each month or making extra monthly payments without penalty (and you can fall back on the smaller payment if needed).

For more information on home loans, visit our Mortgage Information Center.

You may also be interested in:

15-Year Fixed Mortgage

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Mortgage Information Center

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FHA 30-Year Fixed Mortgage

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Programs for qualified borrowers. All borrowers subject to credit approval, underwriting approval and lender terms and conditions. Programs subject to change without notice. Some restrictions may apply. Not a commitment to lend. A loan advisor will review and provide you the terms, conditions, disclosures, and additional details on the interest rates that apply to your individual situation.

¹Rate 3.362% with an APR of 3.486% as of 2/21/2020 10:09 AM EST. The APR calculation is based on a 30-year fixed-rate mortgage in the amount of $240,000 for the purchase of a single-family, primary residence with 80% loan-to-value (LTV) or 20% down payment, minimum borrower credit score of 740, and estimated points of 1% of the loan amount, and origination fee of $1,295 with 360 monthly payments in the amount of $1,059. Payment amount does not include taxes and insurance which means your monthly obligation will be greater. Actual payment amount will vary based upon credit history, rates in effect at the time of consummation, LTV and other credit factors. A LTV ratio above 80% may result in a need for mortgage insurance. If mortgage insurance is required, the amount of your payment will increase. The APR is subject to change at any time prior to consummation, and individual APRs may vary for loan purchases and loan refinances due to loan programs being offered, loan volume, or other factors. All borrowers are subject to qualification, underwriting approval, lender terms and conditions. Terms, conditions, and rates are subject to change without notice.

Fair Lending Statement

First Commercial Bank NMLS# 417490