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15-Year Mortgage Rates & Calculator

Explore our Current Loan Rates Today for Long-term Happiness with a Short-term Home Mortgage

Home ownership is affordable with our 15-year mortgage solution, helping you save thousands of dollars in interest.

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Pair a low rate with a shorter mortgage term like 15 years, and you’ll save thousands of dollars – plus eliminate your debt faster than you think.

For example, let’s say you finance a home for $250,000. By choosing a 15-year mortgage instead of a 30-year mortgage, you could save $162,234!*
Term30-Year15-Year**
Annual Percentage Rate5.769%5.212%
Payment$1,439.14$1,976.98
Interest$268,091$105,857

A 15-year mortgage could save you
$162,234
in interest and 15 years of payments.

*Payment examples are for illustrative purposes only and do not include escrows. Your actual payment may be greater and savings will vary.

**The promotional rate and offer of 5.000% (5.212% APR) “Annual Percentage Rate” does not require a buydown of any points and only applies to a 15-year term, primary residences, and vacation homes. Loan amount may not exceed $647,200. Promotional rate good on purchases and rate/term refinances. Cash-out refinances are capped at 70% Loan to value. Offer specifically excludes mobile home, multifamily 2-4 unit loans, land loans, and investment property. Borrower must meet all other underwriting requirements. This 15-year promotional rate and special is subject to change at any time.
Save up to $12,260 with a

FAIRWINDS Credit Union mortgage

FAIRWINDS rates as low as
5.212%
APR† 15 Yr Fixed

VS

National Average*
5.73%
APR† 15 Yr Fixed

$12,260 is the difference between the amount paid in interest between FAIRWINDS Credit Union's rate at 5.212% APR compared to 5.726% APR for the National market average over the life of a $250,000 mortgage over 180 months.

*Based upon independent research conducted by Datatrac for 135470 financial institution locations in the National market as of March 23, 2023.
†APR = Annual Percentage Rate

What our members are saying...

     

Great Experience!

I applied for a mortgage loan through FAIRWINDS and it could not have been a smoother process. Application was easy as was the approval. They kept me informed every step of the way and were always available to answer any questions I had promptly. An overall terrific experience from application to closing.
      - Astrid

Awesome Services

I have been a member of Fairwinds since 2008, I have a Car Loan, a Personal Loan, and just recently a Mortgage Refinance, and I have to say Fairwinds had the best customer service
     

Amazing team!!!

From start to finish, my home purchase was easy and on time. All of my questions were answered quickly and professionally.