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FDIC-Insured - Backed by the full faith and credit of the U.S. Government

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    Your Retirement Experts

    Planning for Retirement

    IRAs

    401(K) Plan Services

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    *Effective as of 8/20/2026

    ProsCons
    Ease of mind that interest rate will not increase. i.e payment will be the same foreverSome properties do not qualify for this type of loan
    Easier to understand. Higher closing costs
    Perfect for consumer who plans to live in home for a long time.Not ideal if a person plans to sell the property in 5-10 years.
    Most do not have pre-payment penaltiesMore difficult qualification process
    Your rate is locked even if rates go upRate lock risk if rates go down
    Predictability

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