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30 year fixed mortgage
NewCastle Home Loans offers affordable fixed-rate mortgages that make homeownership possible.
Low rate with a payment that won’t change
Down payment of only 3% of the purchase price
Credit score of 620 or higher
Check the 30-year fixed-rate mortgage. See how the most popular home loan has performed recently.
30-Year Fixed Mortgage Rate Today
Our website allows you to check the current interest rate and monthly payment. You can also see all fees upfront to understand the total cost of your home.
Enter the basics: Credit score, down payment, and property location.
View real-time interest rates and estimated monthly payments.
Get a full breakdown of closing costs tailored to your scenario.
Speak with a mortgage expert.
Have questions? Get clear answers and personalized guidance to kickstart your home loan journey.
Borrow as much as $806,500 to buy a single-family, condo, or townhome. Get a bigger loan for a multi-unit property to live in or rent out.
| Property type | Maximum conforming loan amount |
|---|---|
|
Single family, condominium, or townhome
|
$806,500
|
|
2 units, duplex, multifamily
|
$1,032,650
|
|
3 units, triplex, multifamily
|
$1,248,150
|
|
4 units, multifamily
|
$1,551,250
|
- The 2025 conforming loan limits apply to Florida, Illinois, Indiana, Michigan, and Tennessee. However, the loan limits are higher in Key West, Florida, and Nashville, Tennessee.
- Principal residence, second home, or investment property?
- 2-to-4-Unit Home | How to buy a multi-unit property
- Illinois loan limits
Buy a home with a down payment of only 3% of the purchase price. Or put more money down for a lower monthly payment. We’re ready to help you select the right mortgage for the perfect home.
| Property type | Minimum down payment as a percent of the purchase price |
|---|---|
|
Single-family, condo, or townhome
|
3%
|
|
2-unit, multi-family home
|
5%
|
|
3-unit, multi-family home
|
5%
|
|
4-unit, multi-family home
|
5%
|
A strong credit score pays off when buying a home. It earns you a lower mortgage interest rate and payment, saving you money over time.
| If your credit score is... | You should... |
|---|---|
|
740 or higher
|
Enjoy the lowest rate available.
|
|
From 620 to 739
|
Expect a higher rate, depending on your score.
|
|
From 580 to 619
|
Consider an FHA loan. The minimum score for a conventional loan is 620.
|
Start now on your mortgage pre-approval.
Get an approval letter from one of our certified mortgage underwriters—today!
Frequently asked questions
How much for a down payment on a house?
Homebuyers can put down as little as 3% of the property's purchase price. However, the actual amount of money you'll need for your down payment depends on a few factors, including:
- Property use - Will you live there or rent it out?
- Property type - Is it a house, condo, townhome, or a 2-to-4-unit property?
- Creditworthiness - What's your credit score?
- Loan type - Will you use a conventional or an FHA loan to buy the property?
For more information: Down Payment | How much for a down payment on a house?
How much is private mortgage insurance (PMI)?
The cost of private mortgage insurance (PMI) varies depending on several factors, including the lender, your down payment, credit score, and debt-to-income ratio.
The lender decides the exact PMI, and some charge more than others for the same PMI. The following article shows you how to get the lowest PMI on your home loan: Mortgage Insurance | How much is PMI?
Can the seller pay the homebuyer's closing costs?
Sellers can pay the buyer's closing costs.
It's called a seller or closing costs credit when the sellers of a property agree to credit a sum of money to the buyer at closing time. The buyer can use it to cover closing costs, reducing out-of-pocket expenses associated with purchasing a home.
Seller credits are negotiable and can be included as part of the terms of the sale if both the buyer and seller agree to them. The specifics depend on the circumstances of the sale.
Because closing costs can be high, negotiating a seller credit helps offset some or all of these costs. It's a valuable tactic, especially for first-time home buyers who want to buy now rather than wait to save enough money for closing costs.
However, seller credits have limits, and lenders have rules on how you can use them.
Avoid costly mistakes when negotiating credit from sellers: Seller Credit | Can the seller pay the homebuyer's closing costs?
What Is a conventional home loan?
Conventional versus jumbo mortgage
Jumbo loans are mortgages that exceed these conforming loan limits. Unlike conventional mortgages, jumbo loans cannot be purchased by Fannie Mae and Freddie Mac. Instead, they generally must be maintained by the lender for the entire life of the loan. This puts increased risk on lenders and drives up interest rates for homebuyers.
What are the requirements for conventional loan
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See how much buying a home will cost.
Check today's mortgage rates, your monthly payment, and closing costs.
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