Conventional Home Loans

By definition, a Conventional Mortgage is the standard by which all other mortgage loans are measured. The most common Conventional Mortgage is a 30-year fixed rate mortgage, although shorter terms and variable rates are available.

Is a Conventional Mortgage right for you?

With 15 to 30-year fixed-rate options available, homeowners can count on consistent monthly payments through the life of their loan. If you are looking to buy a home and stay there for the indefinite future, a Conventional Mortgage might be your best option. If you are in an existing mortgage and want to refinance to a lower rate or you do not intend to be in your home as long, you may want to consider one of our adjustable-rate mortgage options. Your Intercap Loan Officer can provide options to fit your specific needs and wants.

Fifteen and thirty-year options

A 30-year fixed rate mortgage makes your monthly mortgage payments more affordable as interest and principal are spread out over a longer period of time. However, you will pay more interest over the length of the loan compared to a 15-year mortgage. A longer term may allow you to afford a nicer home with a lower monthly payment.

With a 15-year fixed rate loan you’ll pay off your mortgage in half the time and reap the benefits of lower rates and less overall interest as compared to a 30-year loan. A shorter loan term and lower rates equate to less interest on your loan and more money in your pocket long-term.

Check the rates and mortgage payment on a 15, 20, 25, and 30-year Conventional Loan

Or other options that meet your specific budget and goals.