Michael Rosenblum · November 3, 2026

Which loan type is right for you?

Mortgage Market Update

My Mortgage Company

Michael Rosenblum

Tuesday, November 3, 2026

Which loan type is right for you?

Most people focus on rates, but the loan program itself shapes your entire mortgage experience. Here's what you need to know.

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.


Loan Programs

Not all mortgages work the same way

One of the biggest decisions you'll make isn't just the interest rate—it's the type of loan itself. Fixed-rate mortgages lock in your payment for the life of the loan, which appeals to people who want stability. Adjustable-rate mortgages start lower but can change over time, which works for some borrowers but not others. Then there are specialty programs designed for specific situations: first-time buyers, rural properties, lower down payments, or investment properties. Each has different rules, requirements, and long-term costs. Picking the right loan type for your goals and timeline matters as much as shopping rates. I'd love to walk you through what's actually available to you and why one might fit better than another.

Let's talk about which loan program makes sense for your situation.

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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

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My Mortgage Company

Michael Rosenblum

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