Although interest rates are on the rise, it's still a great time to purchase a home. Speak with one of our expert loan officers today!

Find the mortgage that is right for you.

Fixed Rate mortgage loans maintain a fixed interest rate for the entire life of the loan, as opposed to loans where the interest rate may be adjusted. Because of this, they offer predictable payments, and are ideal for buyers that intend to be in their home for a long time. They come in varieties based on the loan period: 10 year, 15 year, and 30 year. The shorter the loan period, the lower the interest rate but the higher the monthly payments.

Fixed rate mortgages are our most popular loan. Our depth of experience and industry connections allows us to offer competitive fixed rate loans for new purchases or refinancing.

The programs shown above are a few of the many loan programs available at Blue Water Mortgage. For additional program options and for your personalized quote, click here to speak with one of our expert loan officers, or start your online application* now.

30 Year Fixed
7.25%
30 Year Fixed
Loan Details
Loan Purpose
Purchase
Loan Product
30 Year Fixed
Interest Rate
7.25%
APR
7.375%
Payment (Principal & Interest)
$1705.44
Loan Amount
$300,000
Down Payment
$50,000
Credit Score
740

Please be advised that your actual rate, payment, and cost could be higher. Get an official Loan Estimate before choosing a loan. This estimate is provided for informational purposes ONLY, to assist you in determining an estimate of cash that may be required to close and an estimate of your proposed monthly mortgage payment. Actual charges may be more or less, and your transaction may not involve a fee for every item listed.

Rate and APR based on the following assumptions: Purchase Price of $250,000, loan amount of $200,000, 75% loan to value, 780 credit score, single family property, primary residence, escrowing taxes and insurance, debt ratio within program guidelines.

Rates posted are effective as of 11/30/23.

20 Year Fixed
6.875%
20 Year Fixed
Loan Details
Loan Purpose
Purchase
Loan Product
20 Year Fixed
Interest Rate
6.875%
APR
7%
Payment (Principal & Interest)
$1919.53
Loan Amount
$300,000
Down Payment
$50,000
Credit Score
740

Please be advised that your actual rate, payment, and cost could be higher. Get an official Loan Estimate before choosing a loan. This estimate is provided for informational purposes ONLY, to assist you in determining an estimate of cash that may be required to close and an estimate of your proposed monthly mortgage payment. Actual charges may be more or less, and your transaction may not involve a fee for every item listed.

Rate and APR based on the following assumptions: Purchase Price of $250,000, loan amount of $200,000, 75% loan to value, 780 credit score, single family property, primary residence, escrowing taxes and insurance, debt ratio within program guidelines.

Rates posted are effective as of 11/30/23.

15 Year Fixed
6.75%
15 Year Fixed
Loan Details
Loan Purpose
Purchase
Loan Product
15 Year Fixed
Interest Rate
6.75%
APR
7%
Payment (Principal & Interest)
$2212.27
Loan Amount
$300,000
Down Payment
$50,000
Credit Score
740

Please be advised that your actual rate, payment, and cost could be higher. Get an official Loan Estimate before choosing a loan. This estimate is provided for informational purposes ONLY, to assist you in determining an estimate of cash that may be required to close and an estimate of your proposed monthly mortgage payment. Actual charges may be more or less, and your transaction may not involve a fee for every item listed.

Rate and APR based on the following assumptions: Purchase Price of $250,000, loan amount of $200,000, 75% loan to value, 780 credit score, single family property, primary residence, escrowing taxes and insurance, debt ratio within program guidelines.

Rates posted are effective as of 11/30/23.

Contact Blue water Mortgage for a Personalized Quote
(888) 991-0537
Privacy Policy
Apply Now
Start your mortgage application and take the first step toward home ownership in these states.
Get Pre-Qualified
Find out how much you’ll be able to borrow for your home purchase by getting pre-qualified.

Why Blue Water?

Blue Water’s team has over 150 years of collective mortgage experience. We have the knowledge and ability to get your loan closed on time with the best terms and lowest rates for you.

What drives interest rates?
Inflation
Inflation
Mortgage rates are very sensitive to inflation. When inflation rates go higher, interest rates often rise as well.
Economy
Economy
When GDP and employment rise, it’s a sign of a growing economy, meaning greater demand for real estate. When demand rises, so do interest rates as there is more demand than money to lend.
Investors
Investors
Bonds are typically a safe investment so when the economic outlook is poor, they flood to the bond market. When there are more investors in bonds, the bond yield rises, and mortgage rates tend to rise as well.
Federal Reserve
Federal Reserve
When the Fed raises or lowers the federal fund's rates (the rate lenders charge each other), it creates a ripple effect and typically results in an impact to mortgage rates.
How can you lower your mortgage interest rate?

There are several things you can control that will have a positive impact on your rate:

Improve your credit score.

  • Pay your bills on time.
  • Pay down large balances.
  • Don’t close old paid-off accounts – this reduces your available credit.
  • Don’t open any new credit accounts.

Make a larger down payment.


Improve your debt-to-income ratio.

  • Pay down outstanding debt, including student loans, car loans, and credit card balances.
  • Raise your income with a second job.

Explore your loan options.

  • There are many different types of loans. Work with a knowledgeable loan originator to identify your loan choices.
Rated Five Stars by our Amazing Customers

My experience with Blue Water Mortgage was wonderful. As a first time home buyer, I had many questions and concerns. Laura pa…

Ali Quinton

We have worked with Blue Water Mortgage group several times over the years, they helped with our home purchase, sale and refi…

Angie Hoxie

We were referred to BlueWater Mortgage through our bank, The Provident and it was a great experience. From the start our cont…

Jeremy Kirkpatrick

My wife and I recently obtained a mortgage through Blue Water Mortgage for the purchase of our home in Hampton, NH. The servi…

Michael Phillips

I highly recommend Blue Water Mortgage! I sought to work with them because they have a reputation of being very patient and t…

Michele Cota

As a first time home buyer, I had no idea where to begin with the mortgage process. Our realtor referred us to Blue Water to …

Steph Cormier

Frequently Asked Questions

Are there any loans that don’t require a down payment?
Are there any tax benefits to a mortgage?
Can I exclude debts that I co-signed?
Can I use a 401(k) loan as part of my down payment?

Home Loan Resources

Down-Payment-Worksheet
Worksheet

Use our Down Payment Worksheet to get a idea of what you can afford to spend.

Download Now
mortgage documents
Checklist

Gathering the documents in this checklist will help speed up the application process.

Get the Checklist
property rating
Worksheet

Our Property Rating Worksheet has helped countless home buyers make the necessary comparisons to ensure they're making the right decision.

Download Worksheet