Alvin Ransom · November 3, 2026

Which loan program is right for you?

Mortgage Market Update

Alvin Ransom

Alvin Ransom

Tuesday, November 3, 2026

Which loan program is right for you?

Not all mortgages are created equal—and the program you choose matters more than you might think. Here's why it's worth exploring.

National Mortgage Rates · November 2, 2026

Conventional 30-Year

7.13%

FHA 30-Year

6.96%

VA 30-Year

6.76%

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.

Check My Rate →

Loan Programs

Why your first loan choice might not be your best one

When you're shopping for a mortgage, it's easy to focus on the headline rate and call it done. But the loan program itself—conventional, FHA, VA, USDA—shapes your entire borrowing experience. Each one has different rules around down payments, credit requirements, closing costs, and long-term flexibility. What works perfectly for your neighbor might cost you thousands or lock you into restrictions that don't fit your situation. The right program depends on your timeline, how long you plan to stay in the home, your financial cushion, and what you're trying to accomplish. I've seen borrowers save real money just by matching their situation to the program that actually serves them best. If you're curious about which option makes sense for you, I'd love to walk through it together.

Let's talk about which loan program fits your goals.

Tip of the Week

Refinancing resets your amortization clock. If you're 10 years into a 30-year loan, consider a shorter term to avoid paying more total interest.

Tips for Homeowners

Co-Signing a Mortgage: What You're Really Agreeing To

1.

Co-signing makes you equally responsible for the debt. If the primary borrower misses payments, your credit score takes the same hit and the lender can pursue you for the full balance.

2.

The co-signed mortgage debt appears on your credit report and counts toward your DTI. This can limit your ability to qualify for your own financing until the loan is paid off or refinanced out of your name.

3.

There's no automatic way to remove yourself as a co-signer — the primary borrower must refinance the loan in their name alone. Get this understanding in writing before you sign.

Have questions about how any of this affects your mortgage or home purchase? We're here to help — reach out to the Alvin Ransom team any time and we'll walk you through your options.

Book a Call

Your Mortgage Advisor

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Alvin Ransom

Alvin Ransom

alvinr@barrettfinancial.com

(469)-564-1633

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Dallas, TX

(469)-564-1633  |  https://alvinransom.theradcrm.com

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