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Mortgage Market Update
Taylor Lacy
Taylor Lacy
Thursday, September 3, 2026
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Down payment: does size really matter? |
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A lot of borrowers ask me about down payments, but many haven't thought through how that choice ripples through the rest of their loan. Let's break it down.
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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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Smart Money
Why your down payment size matters more than you think
Your down payment does more than just reduce what you borrow — it shapes your entire loan experience. A larger down payment can mean lower monthly payments, no mortgage insurance requirement, and better loan terms. A smaller down payment lets you buy sooner and keep cash in your pocket for life's surprises. Neither choice is wrong; it's about what makes sense for your situation right now. The key is understanding the trade-offs so you can decide with confidence. If you're trying to figure out what down payment strategy fits your goals, I'd love to walk through the numbers with you. Reach out, and we can talk through what down payment approach works best for your timeline and budget.
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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 Taylor Lacy team any time and we'll walk you through your options. |
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