Rosco Roger · October 20, 2026

Picking the right loan type matters

Mortgage Market Update

My Mortgage Company

Rosco Roger

Tuesday, October 20, 2026

Picking the right loan type matters

There's more than one way to finance a home. Here's what you should know about choosing yours.

National Mortgage Rates · October 16, 2026

Conventional 30-Year

7.28%

FHA 30-Year

7.13%

VA 30-Year

6.93%
Rate trend

Source: Optimal Blue daily mortgage indices via FRED

Rates shown are national mortgage index rates 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 loan, the program you choose affects more than just your rate. Different loan types come with different rules about down payments, credit requirements, and how much flexibility you have if life changes. A conventional loan works one way, an FHA loan another, and a portfolio loan yet another. The right choice depends on your situation—your down payment, your timeline, your plans for the home. I see borrowers sometimes lock into a program that wasn't actually the best fit, when a short conversation could have pointed them toward something better. Understanding your options means understanding what's actually available to you.

Let's talk about which loan program makes sense for where you are right now.

Tip of the Week

Your loan officer can run a credit simulator to show exactly which actions will move your score the most.

Tips for Homeowners

Year-End Tax & Mortgage Planning

1.

Consider making your January mortgage payment in December to get an extra month of deductible interest in the current tax year (consult your tax advisor first).

2.

If you plan to sell next year, now is a good time to document improvements — receipts and records add to your cost basis and reduce taxable capital gain at sale.

3.

Review your W-4 withholding if you bought a home this year — your mortgage interest deduction may mean you're having too much withheld from each paycheck.

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

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My Mortgage Company

Rosco Roger

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