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Mortgage Market Update
Paige Lott
Paige Lott
Thursday, September 3, 2026
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Picking the right loan program matters |
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Hi there. I wanted to touch base on something that doesn't get talked about enough: the loan program itself.
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National Mortgage Rates · August 27, 2026
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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.
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Loan Programs
What type of loan fits your situation?
There's no one-size-fits-all mortgage. Depending on where you are in life—whether you're buying your first home, upgrading, or looking to refinance—different loan programs offer real advantages. Some programs are designed to help borrowers with smaller down payments. Others reward those with strong credit or stable income. A few focus on specific situations like rural properties or doctor loans. The right program can mean lower monthly payments, fewer upfront costs, or terms that simply match your timeline better. I'd be happy to walk you through which programs you might qualify for and why one could work better than another for your goals. Let's talk about which loan program makes the most sense for where you are right now.
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Tip of the Week
Schedule a plumber to inspect older homes for slow leaks — water damage is expensive and often hidden until it's serious.
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Tips for Homeowners
Jumbo Loans: What They Are and How They Work
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1.
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A jumbo loan exceeds the conforming loan limit set by the FHFA — $766,550 in most areas for 2024, higher in designated high-cost markets. These loans can't be sold to Fannie Mae or Freddie Mac.
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2.
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Jumbo loans typically require stronger credit (often 700+), larger down payments (10–20%), and more cash reserves. Underwriting is more thorough and can take longer.
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3.
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Rates on jumbo loans are sometimes comparable to or even lower than conforming rates, depending on market conditions. Don't assume a jumbo loan means a worse deal — shop lenders.
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Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Paige Lott team any time and we'll walk you through your options. |
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