Fixed Rate Mortgage Loans

Keep your payments the same for the entire life of the loan.

Fixed-Rate Mortgage Loans offer:

  • A consistent interest rate
  • Consistent payments for no-guess budgeting
  • A variety of term lengths
Flexible, straightforward terms make this option simple, and competitive rates make it affordable. Ask one of our mortgage experts if you qualify.

Apply now to secure your rate.

Common Questions Regarding Fixed-Rate Loans:

What is a fixed-rate mortgage loan?

Fixed-rate loans have interest rates that don’t adjust over time. Considering your monthly payments will never change, much of your monthly budgeting guesswork is reduced. The rate that you initially agreed upon with your lender will last throughout the entirety of the loan. Looking for a home loan in Central or Western Kentucky or Southern Indiana? Use Field & Main’s simple fixed-rate loan calculator tool to get an idea as to what your loan’s interest rate and monthly payments will be.

What is a conforming fixed-rate mortgage loan?

Sometimes called a “conventional” mortgage, a conforming fixed-rate loan adheres to preset principles that have been determined by the size of the loan and lender. Because of this, conforming loans can potentially feature a more attractive interest rate than other loans (like FHA loans, for example).

What’s the difference between fixed-rate loans and variable rate loans?

A fixed-rate loan will protect you against spikes in interest rates, whereas an adjustable rate mortgage loan’s rates can (and will) change.

For example: The interest rate of a fixed-rate loan obtained in 2020 will stay the same until it’s paid off in full. A variable rate loan’s rate that was obtained at the same time might dip lower than the rate that was set for the fixed-rate loan, but it also might spike to a much higher rate.

Can I switch from a variable to a fixed interest rate?

If you’ve found yourself needing an alternate type of loan after securing one with a variable interest rate, you might have the opportunity to refinance it for a fixed interest rate.

This is a route some individuals take to potentially secure a lower rate if they’ve been affected by a spike in monthly payments.

Can I secure a fixed-rate loan with bad credit?

There’s a chance that you could secure a fixed-rate loan with a sub-par credit score, however, you most likely won’t secure the same rate as someone with a higher credit score.

Why Choose Field & Main for a Fixed-Rate Mortgage Loan?

We’re more than a bank. We’re relationship-driven lending experts. To learn more about the relationships we build with our customers through our lending services, get in touch with a mortgage lending expert today. Visit us at any of our convenient locations in Henderson, Lexington, or Cynthiana, Kentucky or Evansville, IN.


Apply for a Fixed Rate Loan Today

Government Guaranteed Loans

Affordable home loans for first-time home-buyers and people with lower credit scores.


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