Teli.AI · September 17, 2026

Which mortgage program is right for you?

Mortgage Market Update

My Mortgage Company

Teli.AI

Thursday, September 17, 2026

Which mortgage program is right for you?

Hi there. This week I want to walk you through something that doesn't get enough attention when people are shopping for a home loan.

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 are created equal

When you're shopping for a mortgage, it's easy to focus only on the interest rate. But the loan program itself—whether it's a fixed-rate mortgage, an adjustable-rate option, an FHA loan, or something else—shapes your entire borrowing experience. Different programs have different rules about down payments, credit requirements, and how your payment changes over time. The right program for you depends on your timeline, how long you plan to stay in the home, and what fits your budget. I help borrowers sort through these options so you're not just getting approved, but getting approved for the mortgage that actually works for your life. If you'd like to talk through which program might make the most sense for your situation, I'm here.

Let's chat about which loan program could be the best fit for you.

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

Teli.AI

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