30 Year Fixed Mortgage

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Get your dream home in Las Vegas, NV, with a 30-year fixed rate mortgage loan from Blackmon Home Loans. Ideal for homeowners who want a lower monthly payment and financial flexibility, a 30-year fixed mortgage spreads payments out over the duration of the loan period with the same interest rate throughout.

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. A Blackmon loan officer will go over how these features will affect your unique circumstances, but it’s helpful to know broader considerations of this predictable, popular type of loan.


  • 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 is most important to you: a lower monthly payment versus a lower mortgage rate and interest paid.

With 30-year fixed-rate mortgage loans, 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.

15-year variable rate mortgages offer lower interest rates and less money paid out over the loan period, but your monthly payment will be higher and your interest rate is subject to going up or down. However, you’ll pay the loan off much faster.

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

Do I Qualify For A 30-Year Home Loan?

In general it is much 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.

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