Ronnee Walton · September 2, 2026

Which loan type fits your needs?

Mortgage Market Update

Ronnee Walton

Ronnee Walton

Wednesday, September 2, 2026

Which loan type fits your needs?

Hi there. When it comes to financing a home, one size doesn't fit all—and that's actually good news for you.

National Mortgage Rates · August 27, 2026

30-Year Fixed

6.66%

FHA 30-Year

6.55%

VA 30-Year

6.38%

Rate trend

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.


Loan Program Fit

Finding the right loan type for your situation

Not all mortgages are created equal, and the best loan for your neighbor might not be the best for you. Whether you're a first-time buyer, refinancing, or looking to move, loan programs vary in down payment requirements, rate structures, flexibility, and long-term costs. Some borrowers benefit from adjustable rates, others need fixed predictability. Some qualify for programs with lower down payments or built-in flexibility for life changes. The right fit depends on your timeline, risk tolerance, and financial goals. If you're unsure which program makes sense for your circumstances, I'd be happy to walk through the options and what each one means for your monthly payment and overall plan.

Reach out if you'd like to explore which loan program aligns best with your goals.

Tip of the Week

Your mortgage interest may be tax-deductible if you itemize. Check with your tax professional to see if it benefits you.

Tips for Homeowners

Understanding Mortgage Points

1.

One mortgage point equals 1% of your loan amount. Paying points ("buying down the rate") reduces your interest rate — typically 0.25% per point, though this varies by lender and market.

2.

Calculate your break-even: divide the cost of the points by your monthly savings. If it takes 4 years to break even and you plan to stay 10 years, buying points makes sense.

3.

Points paid on a home purchase are generally tax-deductible in the year paid (if you itemize). Points on a refinance must be deducted over the life of the loan.

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

Your Mortgage Advisor

R

Ronnee Walton

Ronnee Walton

ronnee.the1loangal@gmail.com

You are receiving this from Ronnee Walton.  Unsubscribe