Conventional 30-Year Fixed Mortgage: Your Go-To Home Loan in 2025
In this guide, we’ll answer exactly what a Conventional 30-Year Fixed Mortgage is, who it’s best for, and why it remains the most popular home loan option today.
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What is a 30-Year Fixed Conventional Mortgage?
That means:
- Same principal + interest payment every month
- Predictable budgeting—no surprises if market rates rise
- Can be used for primary residences, second homes, or investment properties
Quick Answer
A 30-year fixed conventional loan is ideal if you want a stable payment for a longer term and you have at least 3%–5% down (or 20% to skip PMI)
Why Consider a Conventional 30-Year Fixed Loan?
Here’s why the 30-year fixed remains a top choice
Stable Monthly Payments
Your rate never changes. Perfect for long-term homeowners.
Lower Monthly Payment
Spreading principal over 30 years lowers your payment vs. shorter-term loans
No PMI with 20% Down
If you put at least 20% down, you avoid private mortgage insurance
Flexible Property Use
Buy a single-family home, condo, second home, or investment property.
Credit-Friendly
Credit score requirements start around 620, with 680+ earning the best rates
Pro Tip
If you plan to stay in your home longer than 7 years, a 30-year fixed often makes sense—because it gives you breathing room if rates or budgets shift.
Eligibility Requirements in 2025
Credit Score
620 Minimum (680+ to qualify for best rates)
Down Payment
3-5% minimum (20%+ to skip mortgage insurance)
Debt-to-Income (DTI)
≤ 45% (Varies by borrower profiles)
Mortgage Insurance (PMI)
Required if you put <20% down
Property Types
Primary home, second home, condo, investment
Pro Tip
You do not need to put 20% down to qualify for a 30-year fixed mortgage. You can qualify with as little as 3% down, but you’ll pay PMI until you hit 20% equity.
30-Year Fixed Conventional Loan
vs. Other Mortgage Options
30-Year Fixed Conventional
FHA Loan
Adjustable Rate (ARM)
Which mortgage is better: FHA or conventional?
If you have a credit score of 680+ and can manage 3–5% down, a conventional loan often has lower overall costs. FHA is ideal if your credit is in the mid-600s and you need more lenient guidelines.
Find your monthly payment.
What does a monthly mortgage payment look like for you? Get an estimate with some basic information.
Estimated Monthly Payment
$0 /mo
The UMortgage mortgage calculators are for estimation purposes only. This is not a commitment to lend. For an exact quote based on your individual financial circumstances, please contact us.
How to Apply for a Conventional 30-Year Fixed Mortgage
Pre-Qualification (60 Seconds)
Answer a few questions online or with a UMortgage Loan Originator.
Get Custom Loan Options
We’ll show you rates, payment estimates, and a closing cost breakdown.
Lock In Your Interest Rate
Choose to lock when you see a competitive rate to avoid surprises down the line.
Underwriting & Closing Your Loan
Submit documentation, clear underwriting, and close on your timeline.
Frequently Asked Questions.
Wondering if a 30-year fixed conventional loan makes sense to you? Get clear, expert answers to the most common questions—cost, timing, benefits, and more!
Here's Why UMortgage is Your Best Choice
Relationships, Not Transactions
We’re here for more than just your mortgage. We’ll stick with you beyond closing to help you gain financial freedom through homeownership.
Local & Nationwide Expertise
With licensed loan officers across the country and deep knowledge of your local market, we’ll help you buy with confidence anywhere you call home.
Fast, Transparent Closings
We communicate with you every step of the homebuying or refinance process so you can close quickly without any hidden fees or surprises.