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Fixed-Rate Mortgage

Fixed Mortgage

Peace of Mind With Predictable Payments

With a fixed-rate mortgage, your interest rate — and your monthly payment — never change. That means no surprises, just simple, predictable payments you can plan around.

What Is a Fixed-Rate Mortgage?

A fixed-rate mortgage keeps the same interest rate for the life of your loan, giving you peace of mind and stability as you plan your financial future.

Home Loans Powered by MSUFCU offers:

  • Mortgage terms to fit your needs, whether short- or long-term
  • Down payments as little as 3%
  • No prepayment penalties for early mortgage payments

A fixed-rate mortgage is one of the most popular options for first-time homebuyers, families, and anyone looking for long-term stability.

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Curious if a fixed-rate or adjustable-rate mortgage is right for you? Compare your options here or calculate your monthly payments using our Mortgage Calculator.

Frequently Asked Questions

Predictable Payments: Your monthly payments don’t fluctuate with the rate environment.

Long-Term Security: Lock in today’s interest rate for the full term of your loan.

Simple to Understand: No surprises or complex rate adjustments.

Potentially Higher Starting Rate: Fixed rates can come with a higher initial interest rate compared to adjustable options.

Long Term Commitment: If you sell or refinance early, you may not fully benefit from the long-term rate lock.

Less Beneficial in Falling Rate Environments: You won’t benefit if market rates drop unless you refinance.

A fixed-rate mortgage potentially could benefit you if:

  • You’re planning to stay in your home for 10+ years.
  • You want predictable payments and long-term budgeting confidence.
  • You're interested in stability and want to avoid unpredictable market rate changes.

Privacy Notice, Consumer Caution and Home Ownership Counseling Notice, Electronic Correspondence Disclosure and Agreement, Mortgage Information, Nationwide Mortgage Licensing Systems IDs, Home Mortgage Disclosure Act Notice, Consumer Handbook on Adjustable-Rate Mortgage, CFPB Your Home Loan Toolkit

Home loans available for homes in the following states: Michigan, Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Indiana, Kentucky, Minnesota, Missouri, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, and Wisconsin. Construction home loans are available in Michigan and Illinois. Rates are based on creditworthiness, loan-to-value (LTV), property type, and other factors associated with your loan application, your rate may be higher.

APR is annual percentage rate, and is subject to change. Your rate will depend on your credit score and the term. The loans subject to credit approval.

 

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