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Tell Me About Fixed Rate Mortgages

A fixed rate mortgage gives you a secure rate and payment for the life of your loan. Terms range from 10 to 40 years. Loans with shorter terms offer the lowest interest rates. Loans with longer terms offer a lower monthly payment.

Fixed rate mortgages are ideal when:

  • You want a fixed, predictable payment for the life of the loan.
  • Your budget remains relatively constant.
  • You plan to own your home for 5 or more years.

30-year Fixed Rate

Our most popular mortgage! Gain the security of low payments with a fixed interest rate for the next 30 years.

30-year Fixed Rate Interest Only

An interest-only** loan with a fixed rate gives security against rising rates, frees up monthly cash flow, and can even give you cash out if you need it. With the option to make payments of interest only for the first 10 years, this may be the answer you’ve been looking for.

15- to 20-year Fixed Rate

The choice is yours! When you want to build equity fast but don't want the higher payment of a 10-year fixed, this is the option for you.

10-year Fixed Rate

With the shortest term and lowest rates offered for fixed rate loans, the 10-year Fixed Rate mortgage is the best way to build equity. Save thousands of dollars in interest over the life of your loan.

Maintain Your Existing Term

Happy with your current term? We'll do our best to keep you on your current repayment schedule.

More Fixed Rate Options

FHA Mortgage

With higher maximum loan amounts, flexible credit and income requirements, and the ability to borrow up to 95% of the value of your home, an FHA mortgage may be just what you're looking for. Both fixed and adjustable rates are available for buying or refinancing a home.

VA Mortgage

Flexible credit guidelines, great rates, and the ability to borrow up to 100% of the value of your home make the VA loan one of the best mortgages on the market. PNC Mortgage is proud to help veterans take advantage of this great benefit.

**Interest only loans provide for payment of interest only for a set period of time, and payment of principal and interest for the remainder of the loan term. Interest only payments do not reduce principal. At the end of the interest only period, your monthly payment will increase, possible substantially, because you will be required to pay down the outstanding principal and all accrued interest.
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The PNC Financial Services Group, Inc. ("PNC") provides investment and wealth management, fiduciary services, FDIC-insured banking products and lending and borrowing of funds through its Subsidiaries, PNC Bank, National Association and PNC Bank, Delaware, and National City Bank, which are Members FDIC. Securities products and brokerage services are offered through PNC Investments LLC and/or NatCity Investments, Inc., registered broker-dealers and members of FINRA, and SIPC. Insurance products and advice may be provided by PNC Insurance Services LLC and/or National City Insurance Group, Inc, licensed insurance agency affiliates of PNC, or by licensed insurance agencies that are not affiliated with PNC; in either case a licensed insurance affiliate will receive compensation if you choose to purchase insurance through these programs. A decision to purchase insurance will not affect the cost or availability of other products or services from PNC or its affiliates. PNC does not provide legal, tax or accounting advice.

Investments and Insurance: Not FDIC Insured. No Bank or Federal Government Guarantee. May Lose Value.