Lacie Anvik · September 16, 2026

Your loan program matters more than you think

Mortgage Market Update

My Mortgage Company

Lacie Anvik

Wednesday, September 16, 2026

Your loan program matters more than you think

Hi there. This week I want to cover something that often gets overlooked when people are focused on rates and payments—and it really shouldn't.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%

FHA 30-Year

6.82%

VA 30-Year

6.71%

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.


Loan Programs

Not all mortgages work the same way

When you're shopping for a home or thinking about refinancing, the interest rate gets most of the attention—but the loan program you choose matters just as much. Different programs have different rules about down payments, credit requirements, how long you have to pay back the loan, and what happens if rates move. A program that's perfect for one borrower might not be right for another. Understanding your options helps you pick the one that actually fits your financial life, not just the one with the lowest headline number. I'd love to walk you through what's available and what might make sense for your situation.

Let's talk about which loan program could work best for you.

Tip of the Week

Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.

Tips for Homeowners

VA Loans: Benefits Every Veteran Should Know

1.

VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.

2.

VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.

3.

There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.

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

Lacie Anvik

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