30 Year Mortgage
Lock in lower monthly payments.
The 30-year fixed-rate mortgage is a popular home loan option for a reason. If you want lower monthly payments and the comfort of a fixed interest rate, check out the 30-year fixed.
30 Year Loan Requirements
Here’s what you’ll need to get started.
- 1.
Minimum 620 Credit Score
Rocket Mortgage requires a minimum credit score of 620 for 30-year fixed loans.
- 2.
3% Down Payment
A 30-year fixed mortgage requires a down payment of at least 3%.
- 3.
2 – 6% In Closing Costs
You’ll need 2 – 6% of the total purchase price to cover closing costs.
- 4.
Debt-To-Income Ratio ≤ 50%
You’ll need a debt-to-income ratio (DTI) of no more than 50%.
30-Year Fixed Benefits
Lower Monthly Payments
Your monthly payments will be lower because they’ll be spread out over a longer period.
Fixed Interest Rates
Your interest rate remains fixed for the life of the loan, so you don’t have to worry about rates going up.
Low Down Payment
You can get into a new home with a down payment as low as 3%.
No Prepayment Penalties
Want to pay off your mortgage early? No problem. You won’t get hit with prepayment penalties..
Get preapproved now.
A 30-year fixed from Rocket Mortgage can make homeownership a reality with lower monthly payments.
30-Year Fixed Options
Conventional 30-Year Fixed
The conventional 30-year fixed mortgage offers the peace of mind that comes with a fixed, lower monthly mortgage payment.
FHA 30-Year Fixed
A 30-year fixed FHA loan offers the benefits of a 30-year fixed to borrowers with a credit score of 580 or higher.
Apply Now
VA 30-Year Fixed
This is a great option for veterans, qualifying active-duty service members and surviving spouses who want the benefits of a 30-year fixed.
See What's Possible
Use our calculators to see what homeownership could look like for you.
Ready for a 30-year fixed?
Rocket Mortgage can help. It’s fast. Easy. And all online.