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Business Partner Update
Rhett Laufenburger
BUYorREFI Financial
Friday, October 16, 2026
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A Note From Rhett Laufenburger
Appraisal Changes Class and Happy Hour Oct 23
Join us October 23 4-5:30pm at Babbo in Surprise to learn about upcoming appraisal changes and what you need to know moving forward.
Enjoy food, drinks, and valuable information!
Presented by Rhett Laufenburger, BUYorREFI
Sponsored by Andrea Gondorf, Lawyers Title Arizona
Hope you can join us!
RSVP NOW to Andrea.Gondorf@ltic.com
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Business Partner Update
VA Loans — Mortgage Update for Realtors
Rate Snapshot · October 16, 2026 |
▼ -0.11% |
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Conventional 30-Year
7.40% 30-day Range: 7.14%–7.58%
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Conventional 15-Year
6.81% 30-day Range: 6.38%–6.93%
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FHA 30-Year
7.25% 30-day Range: 6.89%–7.33%
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VA 30-Year
7.05% 30-day Range: 6.81%–7.25%
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These are national mortgage index rates as of October 16, 2026, plus our pricing adjustment. The 30-year fixed is at 7.4% — down 0.11% from last week, FHA at 7.25%, and VA at 7.05%. For exact rates tailored to your buyers, reach out to your loan officer directly.
Source: Optimal Blue daily mortgage indices via FRED · Includes our pricing adjustment
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From Your Lending Partner
VA Loans Are the Most Powerful Buying Tool Your Veteran Clients Have
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If you're working with a veteran or active-duty service member and they're not using their VA benefit, stop everything. The VA loan is the most powerful mortgage product available — zero down, no PMI, competitive rates, and flexible qualifying. A veteran buying a $450K home saves roughly $200/month in PMI alone compared to a conventional loan at 5% down. Over seven years, that's over $16,000 — and they went in with no down payment. I work with VA loans regularly and know how to structure the offer so sellers understand it's not a burden. I provide a custom VA pre-approval letter that educates the listing agent on the process. I've closed VA loans in competitive multiple-offer situations. The stigma is outdated. If you have a buyer with a DD-214 or who's currently serving, send them my way for a no-obligation call. It will likely be the most important financial conversation they have this year.
Know a veteran who hasn't used their VA benefit? Let's get them pre-approved this week.
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Did You Know?
Asset Depletion Loans
High net-worth buyers can qualify on liquid assets alone.
Buyers with significant liquid assets but limited verifiable income — retirees, investors, the independently wealthy — can qualify using asset depletion methodology. No employment, no W-2 required.
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✓Eligible assets divided over loan term to create imputed income
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✓Retirement accounts, brokerage accounts, and cash all count
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✓Available for primary, second home, and investment
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✓Loan amounts up to $3M+ depending on program
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Share With Your Buyers
Understanding Your Credit Score
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1.
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Your mortgage credit score is calculated differently than your consumer score — it's often lower.
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2.
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Paying down credit card balances below 29% utilization can boost your score in 30–45 days.
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3.
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Don't close old credit accounts before applying — length of history helps your score.
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4.
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One late payment from years ago matters less than recent on-time history — lenders look at trends.
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5.
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If your score is borderline, ask your lender to run a rapid rescore before you apply.
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Tip of the Week
Your loan officer can run a credit simulator to show exactly which actions will move your score the most.
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2704 W Languid Ln Phoenix, AZ 85086 · 480-225-6699 · www.BUYorREFI.com · NMLS# 221295 · Company NMLS# 1838307
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