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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. 1.

    Minimum 620 Credit Score

    Rocket Mortgage requires a minimum credit score of 620 for 30-year fixed loans.

  2. 2.

    3% Down Payment

    A 30-year fixed mortgage requires a down payment of at least 3%.

  3. 3.

    2 – 6% In Closing Costs

    You’ll need 2 – 6% of the total purchase price to cover closing costs.

  4. 4.

    Debt-To-Income Ratio ≤ 50%

    You’ll need a debt-to-income ratio (DTI) of no more than 50%.

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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..

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Get preapproved now.

A 30-year fixed from Rocket Mortgage can make homeownership a reality with lower monthly payments.

See What's Possible

Use our calculators to see what homeownership could look like for you.

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Ready for a 30-year fixed?

Rocket Mortgage can help. It’s fast. Easy. And all online.

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