Conventional & Government
Agency Fixed-Rate
Conventional 15-Year Fixed
Shorter term, lower rate, and dramatically less lifetime interest — payoff in half the time.
Available throughout Southern California through Francisco Williams, CCIM, NMLS #1858674.
620
Min FICO
95%
Max LTV
50%
Max DTI
full doc
Docs
Ideal borrower
Borrowers with strong cash flow who want to build equity faster and minimize interest.
Program highlights
- Typically 0.50–0.75% lower rate than 30-year fixed
- Full payoff in 15 years
- Significant lifetime interest savings
Typical uses
- Accelerated payoff refinance
- Purchase with strong income
Frequently asked questions
- Is a 15-year fixed mortgage a better deal than a 30-year?
- For borrowers with strong cash flow who want to build equity fast, usually yes. Rates run 0.5–0.75% below a 30-year fixed, and total lifetime interest is often 60–70% less. The trade-off is a much higher monthly payment. Run the payment and affordability calculators to see which payment you can actually sustain.
- What credit score is needed for a 15-year conventional?
- Minimum 620 FICO, but best pricing starts at 740+. Because the program carries lower lifetime risk, lenders often approve 15-year loans for borrowers who are marginal on 30-year underwriting.
- Can I refinance from a 30-year into a 15-year?
- Yes — a common move when rates drop or your income grows. You'll pay off the loan in half the time and cut lifetime interest dramatically. Check the refinance break-even calculator to see the number.
Program details shown are representative guidelines and subject to individual lender overlays and CFPB / agency requirements. Rates shown are illustrative and subject to change without notice. Actual rate, APR, and terms will depend on creditworthiness, loan-to-value, property type, occupancy, loan amount, loan program, and other factors. Not all applicants will qualify.