Loan Options

15-Year Fixed Mortgages

Get a custom 15-year fixed rate quote from local experts.

  • Pay-off your home fast and save thousands of dollars over the life of the loan
  • Enjoy a low fixed interest rate and monthly payment
  • Quick approval and closing complete within 30 days

What is the 15-year fixed conforming loan limit in Greater Chicago & Nashville?

As of January 1, 2024, the national conforming loan limit for a one-unit property is $766,550. This limit applies to most counties in the U.S.

Davidson County, Tennessee has a higher conforming loan limit at $943,000.


Is a 15-year fixed loan right for me?

This is the best option if you can afford the higher fixed monthly payments and want to pay off your loan balance at a fast pace. This will help you build equity quickly and, if you plan on staying in the home indefinitely, help you achieve financial freedom.

When is a 15-year fixed not the best choice?

You need to be absolutely certain you can afford the higher payments for the life of the loan. Also, make sure you look several years down the road as well. Do you earn variable income such as bonus or commissions that could be lower in the future? If there is any doubt, go with a 20 or 30-year fixed that offers a lower payment. Remember, you can always pay extra principal every month.