Mortgage Market Update

My Mortgage Company

FLO Mortgage NMLS 1835856

Thursday, September 17, 2026

Picking the right mortgage program matters

Hi there. This week I want to walk you through something that doesn't always get the attention it deserves: loan program choice.

National Mortgage Rates · September 10, 2026

Conventional 30-Year

6.76%

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 are created equal

When you're shopping for a home or thinking about your current loan, it's easy to assume all mortgages work the same way. They don't. Different loan programs come with different rules about down payments, credit requirements, what you can borrow, and how interest rates are calculated. A first-time buyer might qualify for programs a repeat homeowner wouldn't, and vice versa. The right program for you depends on your situation—how much you have saved, your credit history, the property type, and your long-term plans. I've worked with borrowers who saved thousands by matching their specific circumstances to the right loan structure. It's worth having a real conversation about what's actually available to you.

Let's talk about which programs make sense for your goals.

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

FLO Mortgage NMLS 1835856

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