American Mortgage · November 3, 2026

Which loan program is right for you?

Mortgage Market Update

My Mortgage Company

American Mortgage

Tuesday, November 3, 2026

Which loan program is right for you?

Hi there. A lot goes into a smart mortgage decision, and the loan program you choose is one of the biggest pieces.

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 Program Fit

The loan program you choose shapes your whole mortgage

When you're shopping for a mortgage or thinking about refinancing, the interest rate gets most of the attention. But the loan program itself—whether it's a fixed-rate, adjustable-rate, FHA, VA, conventional, or something else—is just as important to your long-term comfort. The right program aligns with your timeline, risk tolerance, and financial goals. Someone planning to stay in their home for decades may prioritize stability, while a buyer expecting to move in a few years might prioritize flexibility. I've seen borrowers save money and stress by choosing a program that actually fits their life, not just the lowest rate on the board. If you're unsure which program makes sense for you, let's talk through your situation.

Reach out whenever you'd like to discuss which loan program might work best for 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 My Mortgage Company team any time and we'll walk you through your options.

Your Mortgage Advisor

M

My Mortgage Company

American Mortgage

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