Fixed rate loans are available in Conventional, FHA, VA and Rural Housing. The interest rate stays “fixed” for the entire term of the loan. The loan term is the length of time over which the loan is amortized. The most common term, is 30 years, however, 25, 20, 15 and 10 year terms are also available. Fixed rate programs are offered on all property types.
To see Zions Bank rates and apply, click here.
Fixed rate loans offer the security of a payment that won’t change.