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Mortgage Market Update
Johnny DuRocher
Johnny DuRocher
Thursday, September 17, 2026
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What happens when you apply for a mortgage |
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A lot of borrowers wonder what happens behind the scenes when they submit an application. Let me pull back the curtain a bit.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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.
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Getting Ready
What lenders actually look at when you apply
If you're thinking about buying or refinancing soon, it helps to know what we're reviewing before you sit down at the table. We look at income, credit history, existing debts, employment stability, and how much you have saved for a down payment or closing costs. The stronger your overall financial picture, the better your options tend to be. That doesn't mean you need to be perfect—most borrowers aren't—but understanding what matters lets you shore up any soft spots before applying. If you'd like to talk through where you stand and what we might focus on, I'm here to walk you through it.
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Tip of the Week
Replace weatherstripping around exterior doors every few years. It's one of the cheapest ways to improve energy efficiency.
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Tips for Homeowners
USDA Loans: A Zero-Down Option for Rural Buyers
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1.
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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.
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2.
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USDA loans have income limits — typically 115% of the area median income. Both the property location and borrower income must qualify.
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3.
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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.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Johnny DuRocher team any time and we'll walk you through your options. |
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2701 East Insight Way, Suite 150 Chandler AZ 85286
https://johnnydurocher.theradcrm.com/home
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