Renovation Mortgages
Save on interest with a fixed, lower rate.
A 15-year fixed mortgage helps borrowers save on interest and pay off their home loan faster. Looking for a fixed interest rate and a shorter loan term?
A 15-year fixed mortgage could be for you.
Apply now
xyz loan features
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01
minimum 620 credit score
Rocket Mortgage requires a minimum credit score of 620 for 15-year fixed loans.
02
2.3% down payment
A 15-year fixed mortgage requires a down payment of at least 3%.
03
3% - 6% in closing costs
Rocket Mortgage requires a minimum credit score of 620 for 15-year fixed loans.
04
debt to income ratio 50%
A 15-year fixed mortgage requires a down payment of at least 3%.
loan program name benefits
01
savings
on interest
You could save big on interest by paying your loan off in 15 years, rather than 30.
02
low
payment
You can make a down payment as low as 3%.
03
fixed
interest rates
Your interest rate is fixed, so you never have to worry about your mortgage payment changing if rates go up (except for any changes in taxes and insurance).
04
no prepayment penalties
You can pay off the loan at any time with no prepayment penalty.
frequently asked questions
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