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A Note From Jonathan V Reece
NEED TO ACCESS YOUR EQUITY AND DON'T SHOW REGULAR INCOME??
THAT'S OK!!! WE HAVE NEW DSCR & HELOC PRODUCTS!!!
REACH OUT TO ASK ME ABOUT OUR DSCR LOANS & BANK STATEMENT HELOC OPTIONS.
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THIS WEEK
Picking the right loan type for you
Hi there. This week I want to zoom out from rates for a moment and talk about something equally important: the structure of your loan itself.
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RATE SNAPSHOT · September 10, 2026
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CONVENTIONAL 30-YR
6.76%
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FHA 30-YR
6.62%
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VA 30-YR
6.48%
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Source: Freddie Mac PMMS & Optimal Blue via FRED. National averages — informational only.
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Loan Programs
Why your loan type matters more than you think
When you're shopping for a mortgage—or thinking about refinancing—the interest rate gets all the attention. But the type of loan you choose shapes your finances in ways that go far beyond the rate itself. Fixed-rate mortgages offer predictability; adjustable-rate loans might start lower but carry future uncertainty. Government-backed programs like FHA or VA loans have different requirements and benefits than conventional financing. And loan term (15 years versus 30 years, for example) fundamentally changes both your payment and how fast you build equity. The right loan isn't always the lowest rate—it's the one that fits your timeline, risk tolerance, and long-term plans. I'd love to walk you through what actually makes sense for your situation.
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Tip of the Week
Gift funds from family can be used toward a down payment on most loan types — your lender will need a simple gift letter.
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Tips for Homeowners
VA Loans: Benefits Every Veteran Should Know
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1.
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VA loans require no down payment and no private mortgage insurance (PMI), making them one of the most powerful home-buying tools available to eligible veterans, active-duty service members, and surviving spouses.
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2.
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VA loans do require a funding fee (typically 1.25%–3.3% of the loan amount), which can be rolled into the loan. Veterans with a service-connected disability rating may be exempt from this fee.
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3.
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There's no VA loan limit for eligible borrowers with full entitlement — you can finance as much as a lender will approve. If you've had a prior VA loan, partial entitlement rules may apply.
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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 Jonathan V Reece team any time and we'll walk you through your options.
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