Mortgage, Home Loan, Fixed Rate Mortgage, Fixed Rate Home Loans, conventional mortgage, traditional mortgage from FirstMerit Bank - Serving Akron, Cleveland, Ashtabula, Canton, Columbus, Elyria, Medina, Toledo, Columbus, Ohio and New Castle, PA

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Fixed Rate Mortgage

How it works A fixed rate mortgage has an interest rate that won't change for the life of your loan offering you a secure rate and payment.

A Fixed Rate Mortgage might be right for you if: You want a stable monthly payment for the life of your loan You are concerned that interest rates could rise in the next few years You plan to stay in your home for a number of years

Features & Benefits No closing cost option available Available for 15, 20, 30, and 40 year terms* (on owner occupied homes) Financing available up to 95% of your property value (on purchase of owner occupied homes)* Private mortgage insurance (PMI) is only required on loans above 80% loan to value Financing available up to 90% of your property value (on purchase of second homes)* Financing available up to 75% of your property value (on investment properties)* Jumbo Loans available for loan amounts over $417,000 Enjoy a quick application process and low closing costs



Mortgage Calculators How much house can you afford? Mortgage Comparison: 15 years vs. 30 years Fixed Rate Mortgage vs. Adjustable Rate Mortgage (ARM) More mortgage calculators


* All loans are subject to credit approval. For example, currently a $100,000 conventional fixed rate loan for 30 years at 5.034% APR with $25,000 down payment will have 360 payments of $529.21.