FIXED RATE MORTGAGE

A Wachovia Fixed Rate Mortgage can be easy on the budget. You'll get a predictable monthly payment each month—and if you apply online, you could save up to $500 or more¹. Use that money for moving expenses, furniture or just put into your pocket.

Features of Wachovia's Fixed Rate Mortgage Programs

10, 15, 20, 30, and now 40-year terms²
Consistent monthly loan payments, allowing you to plan and budget
Loans available up to $2 million
No minimum loan balance
Pay only the interest for the first 10 years of your loan³

Not what you're looking for? See other fixed rate products.

Why apply for a Fixed Rate Mortgage online?

Save you $500 or more by applying online 24 hours a day¹
Get pre-qualified for free in minutes
Fast pre-approvals available online⁴

Have questions?

Chat with a Mortgage Counselor

Call us at (800) 922-6267

Email This Page

Printer Friendly Version

¹ The origination fee on the site reflects the ¼ discount on the standard origination fee. The standard origination fee is 1% of the mortgage amount or $2,000 on a $200,000 mortgage. This is a savings of $500. The discounted origination fee available through this offer is .75% of the mortgage amount or $1,500 on a $200,000 mortgage. This offer is limited to one discounted origination fee per loan and can only be redeemed by applying online at the link above or by calling (800) 922-6267. No cash will be provided. This offer is only valid on actual loans closed and will not be credited if the loan is denied or withdrawn. This offer is not valid with any other Wachovia Mortgage offer. Offer is only valid for a limited time and is subject to change without notice. Other restrictions apply.

² For example, a 30-year fixed rate loan for $200,000 with a 6.50% interest rate (6.634% APR) would require 360 monthly principal and interest payments of $1,264.14. Taxes and insurance escrows are not included. Other rates and terms are available. The terms used in this example are for illustrative purposes only and the actual terms you receive may be different depending on your individual circumstances. Loans with longer terms may increase the total number of monthly debt payments, as well as the aggregate amount paid over the mortgage term as compared to loans with shorter terms.

³ For example, a 30-year mortgage at an interest rate of 6.625% (6.78% APR) for $200,000 would require initial monthly interest payments of $1,104.17 each. During this time, your principal balance will not decrease unless you make principal payments in addition to the required monthly interest payments. Beginning with the 11th year of the mortgage, your required monthly payments will adjust to cover the remaining interest and principal balance to fully repay the loan over the remaining term. In the example above, a recalculated principal and interest payment based on the principal balance of $200,000 would be $1,505.90. Monthly escrows for taxes and applicable insurances are required in addition to the monthly interest only and principal and interest payments. Other Interest Only product options available. Restrictions apply. No prepayment penalty applies.

⁴ Application and credit report fees apply.

Mortgage loans are originated by Wachovia Mortgage, FSB, and are subject to credit approval, verification and collateral evaluation. Products are not available in all states. Programs, rates, terms and conditions are subject to change without notice. Certain restrictions apply.

Equal Housing logo