Simply Laundry · September 17, 2026

Before you apply, know what we're looking at

Mortgage Market Update

My Mortgage Company

Simply Laundry

Thursday, September 17, 2026

Before you apply, know what we're looking at

Hi there. I often hear from people who are curious about the mortgage process before they take the first step.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%
Rate trend

Source: Freddie Mac PMMS & Optimal Blue via FRED

Rates shown are national averages and are provided for informational purposes only. Actual rates vary based on credit profile, loan amount, and market conditions. Please contact us for a personalized rate quote.

Getting Ready

What lenders look at before you apply

A lot of people ask me what happens behind the scenes when they submit a mortgage application. The truth is, we're looking at the whole picture—not just one number. Your credit history, income, existing debts, savings, and employment all matter. We also verify everything. It takes time, but that thoroughness protects you and makes sure the loan is solid. If you're thinking about buying or refinancing soon, a conversation with me now can help you understand where you stand and what, if anything, might strengthen your application before you formally apply. There's no pressure and no cost—just clarity.

Let's talk about where you are today and what comes next.

Tip of the Week

Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.

Tips for Homeowners

USDA Loans: A Zero-Down Option for Rural Buyers

1.

USDA loans offer 100% financing (no down payment) for eligible properties in USDA-designated rural and suburban areas. The USDA's eligibility map may include areas closer to cities than you'd expect.

2.

USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.

3.

There's an upfront guarantee fee (1% of the loan) and an annual fee (0.35% of the balance). These are lower than FHA mortgage insurance and can be rolled into the loan.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

M

My Mortgage Company

Simply Laundry

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