Couple Sitting At Computer

Get your dream home with a 30-year fixed rate mortgage in Las Vegas, NV, from Blackmon Home Loans. This type of home loan spreads your mortgage payments over 30 years. Your interest rate remains the same throughout the loan period.

A 30-year fixed-rate mortgage is ideal for homeowners who want a lower monthly payment and a bit of financial flexibility.

Pros & Cons Of A 30-Year Home Loan

Like any type of conventional loan, there are pros and cons to consider when you’re shopping for this type of fixed-rate mortgage. Your loan officer will go over how these features will affect your unique circumstances, but it’s good to know overall considerations.


  • Your monthly payments are always the same.
  • Your interest rate won’t change.
  • You can pay the loan off faster if you make larger payments, but you can stick with the lower payment if your budget is tight.
  • You can afford a more expensive home because the payments are spread out.
  • You’re more likely to qualify.


  • Your interest rate may be higher.
  • You’ll pay more total interest.
  • It will take longer to pay off your home.
  • It takes longer to build equity in your home.

30 Year vs. 15 Year Mortgage

If you’re trying to choose between a 30-year fixed mortgage and a 15-year variable mortgage, it will come down to which you value most: a lower monthly payment or a lower mortgage rate?

With a 30-year fixed-rate mortgage, you’ll have a higher interest rate and pay more interest over the life of the loan, but your monthly payment will be lower, and your interest rate won’t go up. You’ll also have more flexibility in your budget and can easily pay the loan off faster if you make larger payments.

With a 15-year variable rate mortgage, you’ll have a lower interest rate and pay less interest, but your monthly payment will be higher, and your interest rate may go up. However, you’ll pay the loan off much faster.

A mortgage calculator can help you compare the two options to see which you prefer.

Who Qualifies For A 30 Year Home Loan?

It’s usually easier to qualify for a 30-year fixed-rate mortgage than a 15-year variable rate mortgage because the monthly payment is lower. You’ll need a reliable source of income with at least two years of work history, a good credit score, and a down payment.

There are many home loan programs available, and your specific requirements may vary. Our loan officers will help you find a program right for you.

Apply For Las Vegas Home Loans

At Blackmon Home Loans, we offer 30 and 15 Year Fixed Rate Home Loans in Las Vegas, Nevada. We offer a variety of mortgage programs and will work to find the perfect solution for you. Contact us to discuss your financing options and apply today.

Scroll to Top