Mortgage Market Update

My Mortgage Company

Adan Saldana

Thursday, September 17, 2026

Different loans, different rules

Hi there. This week I want to talk about something that trips up a lot of people: understanding the differences between loan programs.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%

FHA 30-Year

6.82%

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

One of the things I notice when talking with borrowers is how many people assume there's just one type of mortgage out there. In reality, you have real choices—fixed-rate loans, adjustable-rate options, FHA programs, conventional loans, and more. Each one has different rules about down payments, credit requirements, and how your payment behaves over time. The right program for you depends on your situation: how long you plan to stay in the home, your budget flexibility, and what you're comfortable with. I'd love to walk you through what's available and help you understand which option actually makes sense for your goals.

Reach out anytime—I'm here to explain your options in plain English.

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

My Mortgage Company

Adan Saldana

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