Thomas Von Der Ahe · October 20, 2026

What type of loan should you actually get?

Mortgage Market Update

My Mortgage Company

Thomas Von Der Ahe

Tuesday, October 20, 2026

What type of loan should you actually get?

Not all mortgages work the same way. Here's what I mean—and why it matters.

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

Why your loan type matters more than you think

Most people focus on interest rates when shopping for a mortgage, but the loan program itself shapes your entire borrowing experience. A fixed-rate loan keeps your payment stable for decades. An adjustable-rate program might start lower but can change. Jumbo loans, FHA loans, VA loans, conventional programs—each one has different rules about down payments, credit requirements, and flexibility. The right program for you depends on your timeline, how long you plan to stay in your home, and how much certainty you want in your budget. If you've never talked through which loan type actually fits your situation, that's worth a conversation. I can walk you through the trade-offs so you understand what you're signing up for.

Let's talk about which loan program makes sense for your goals.

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

M

My Mortgage Company

Thomas Von Der Ahe

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