The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.

Fannie Mae, Ginnie Mae and Freddie Mac back these mortgages, which is another reason so many people get them. Your monthly payments will be lower compared to some other mortgages. That means more money to spend celebrating your smart decisions.

Key Features of a 30-Year Fixed Rate Mortgage

  • Fixed rates so you know what you're paying every month

  • Lower monthly payments than 15 year mortgages

  • Get a mortgage with only 5% down payment

  • Put down 20% or more and you won’t pay mortgage insurance


  • Down Payment: 5% of the final loan amount

  • Terms: 30 years, fixed rate

  • Credit Score: 620 minimum

  • Mortgage Insurance: No, if under 80% loan-to-value

  • Maximum Loan Limit: Yes*

*Some “high balance” areas have loan limits above the standard level.

Our office in Englewood, Colorado is run by a team of local mortgage professionals committed to helping homebuyers have a quick and stress-free mortgage experience. Our in-house processing, underwriting, and closing allow us to move quicker than most mortgage companies so you can get into your new home quicker. 

  • Security First Financial Facebook
  • Security First Financial LinkedIn
  • Security First Financial YouTube
  • Security First Financial Instagram
  • Security First Financial Twitter

Security First Financial is a division of Primary Residential Mortgage, Inc. PRMI NMLS 3094. Branch NMLS ID# 385589. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Colorado – Regulated by the Division of Real Estate, UCCC #987701-016. Arizona – Arizona Department of Financial Institutions 0902614. Massachusetts – Licensed by the Massachusetts Division of Banks as a Broker and Lender as #MC3094.

Your opinion is greatly appreciated, we thank you for visiting this website of Primary Residential Mortgage, Inc. If you have specific questions, comments, concerns, or complaints we invite you to contact us by the email shown here: ConsumerVoice@primeres.com. Emails received during business hours should receive a response within 48 hours, excluding weekends or holidays.


©2018-2020 Security First Financial, A Division of Primary Residential Mortgage, Inc.

Primary Logo for Security First Financial