CapCenter Redesign

Choose from our selection of flexible loan terms

Choose from a variety of loan terms ranging from a 30 to 10 years. Longer loan terms such as a 30-year mortgage provide lower monthly payments, but often have higher interest rates. Shorter loan terms such as the 10-year mortgage provider higher monthly payments, but allow you to pay off your loan sooner.

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30-Year Fixed Rate

The most popular mortgage product in the United States. Make stable payments at a fixed interest rate over a 30 year period.

20-Year Fixed Rate

Pay your loan down 10 years faster than the standard 30-year mortgage.

15-Year Fixed Rate

Pay off your loan at twice the speed with a 15-year loan term.

10-Year Fixed Rate

Our shortest loan term available - reach 100% equity in 10 years.

Do I qualify for a Fixed Rate Mortgage?

Conventional mortgages have tougher qualification requirements than FHA and VA loans. The best way to learn if you are qualified is to submit a pre-approval application. Our expert team of loan consultants can give you a pre-approval without running a hard credit check.

Down payment

Finance up to

Debt-to-income

620

Credit score

$806,500

Max loan amount

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A father hanging art with his children in the new home they purchased with a fixed rate mortgage.

What are the benefits of Conventional Fixed Rate Mortgages?

Steady, predictable payments

Fixed Rate Mortgages don't have interest rate changes like ARMs. This gives you more certainty when creating your monthly budget.

Remove mortgage insurance

Unlike FHA loans, Conventional loans do not always require mortgage insurance. Private mortgage insurance (PMI) is only required when you have less than 20% equity in your home. FHA loans always require mortgage insurance, so many homeowners seek to refinance their FHA loan to a Conventional Fixed Rate Mortgage.

Available on second homes and investment properties

Unlike FHA and VA loans, Conventional loans can be used to finance an investment property or vacation home.

Why choose CapCenter?

Unbelievable savings.

Most lenders charge closing costs between 1-3% of your loan amount, which can make buying or refinancing expensive. CapCenter offers ZERO Closing Cost mortgages, making homeownership more affordable by saving you thousands.

Competitive interest rates.

Sure they offer Zero Closing Costs, but they probably charge a higher rate, right? The answer is no. We price our interest rates to compete with prevailing market interest rates.

Expert service.

CapCenter has been providing savings and service for over 25 years. Our team is committed to helping you reach your financial goals according to your timeline.

Transparent pricing.

Our website pricing is real-time, accurate, and customized to your unique loan scenario.

Tools & Resources

Rate Alerts

Frequently asked questions

Will my monthly payment change with a Fixed Rate Mortgage?

Yes, your total monthly payment will likely change annually but not because your interest rate has changed. The changes will be related to taxes and insurance. As your home's value fluctuates, your property tax will change. This typically happens once per year when your county assesses your home value. Homeowner's insurance rates can also change periodically. You can contact CapCenter's insurance team to get a quote on new homeowner's insurance and save money.

Should I get a conventional fixed rate loan or an FHA loan?

Most customers prefer a conventional fixed rate mortgage over an FHA loan since they are usually cheaper. FHA loans require an upfront mortgage insurance premium (UFMIP) of 1.75% and always include some type of monthly mortgage insurance payment. Conversely, conventional loans only require private mortgage insurance (PMI) for equity positions below 20%.

Do Fixed Rate Mortgages have a prepayment penalty?

No, CapCenter does not originate loans with prepayment penalties. You can comfortably make extra payments on your loan and pay it down sooner.

Can I make a down payment more than 3%

Yes, CapCenter does not limit the amount of down payment you can make. Many borrowers make a down payment of at least 20% to avoid paying for private mortgage insurance (PMI).

Should I get a shorter loan term such as a 15-year mortgage?

The loan term you choose should be aligned with your priorities. If your top priority is a low monthly payment, you should choose a 30-year mortgage. We recommend you establish a budget for you monthly mortgage payment. Once you understand the number you're comfortable with, choose the shortest loan term within your budget. You can use our mortgage calculator to get an idea of how loan term affects your monthly payment.