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Agape Mortgage Group

15-Year Fixed Mortgage

If you're looking for a fixed interest rate and a shorter loan term, a 15-year fixed mortgage might be the right choice for you.

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The perfect home loan for you.

Fixed Interest Rate

Your interest rate remains fixed for the entire duration of the loan.

3% Down Payment

You can purchase a new home with a down payment as low as 3%.

Pay Less Interest

A shorter loan term means you'll pay less interest overall, and your interest rate is likely to be lower as well.

No Prepayment Penalties

Looking to pay off your mortgage early? You won’t face any prepayment penalties.

3 Simple Steps to Secure Your Loan

Apply Online

Start your journey to homeownership by submitting a simple online application, providing key financial details to help us match you with the best loan options.

Chat with an Expert

Connect with one of our experienced loan experts who will guide you through the process, answer any questions, and help you find the best mortgage solution for your needs.

Close Your Loan

Once your loan is approved, we'll guide you through the final steps to close, ensuring a smooth and timely process to get you into your new home.

Frequently Asked Questions

Here are answers to common questions about this loan, gathered from people like you during our research.
Who are 15-year fixed loans best for?

A 15-year fixed-rate loan is a great option for various homebuyers and refinancers, particularly those who:

  • Can manage a higher monthly payment to pay off their loan more quickly.
  • Want to refinance and take advantage of lower interest rates.
  • Aim to build equity faster.
How do 15-year fixed loans work?

With a 15-year fixed-rate mortgage, if you make all your payments as scheduled, the loan will be fully paid off in 15 years.


A fixed-rate mortgage means your interest rate remains the same for the entire term of the loan.


There are several types of 15-year fixed-rate mortgages, including conventional, FHA, VA, and Jumbo loans.


We’re here to help you choose the best option for your situation.

What are the pros and cons of a 15-year fixed loan?

Pros

  • Pay less interest due to the shorter loan term.
  • Interest rates are typically lower because lenders are reimbursed more quickly.
  • Build equity faster. A 15-year term allows you to pay down your loan balance more quickly, increasing equity.

Cons

  • Higher monthly payments because of the shorter term.
  • Lower home affordability. A higher mortgage payment increases your debt-to-income ratio, potentially limiting the amount you can borrow.
  • Less money for savings. Higher monthly payments may leave you with less available for savings or other expenses.
Can I put more than 3% down?

Yes, you can make a down payment larger than 3%.


Why put down more? A larger down payment means a lower monthly mortgage payment.


Alternatively, you could choose the smallest down payment and use the extra funds for closing costs.


We’re here to help you determine the best strategy for your needs.

Discover what works best for you!

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