Loan Options

30-Year Fixed Mortgages

Get a custom 30-year fixed rate quote from local experts.

  • Most popular mortgage program
  • Enjoy a low fixed interest rate and monthly payments
  • Low down payment options

What is the 30-year fixed conforming loan limit in the greater Chicago and Nashville areas?

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

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

Is a 30-year fixed loan right for me?

Typically, a 30-year fixed rate loan is the best option if you plan to stay in your home for seven years or more, prefer a low fixed rate payment, and don’t mind taking a fairly long time to pay off your loan balance.

When is a 30-year fixed not the best choice?

If you plan on selling in less than seven years, an ARM may be the right choice for you as the payment and rate will be lower for the first five, seven, or ten years. Or, if you want to pay the loan balance at a quicker pace, consider a 15 or 20-year fixed. Keep in mind those payments will be higher since you’re paying your loan off quicker.