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Friday, September 11, 2026 |
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Mortgage Market Update
Picking the right loan type matters
Hi there,
Not every mortgage is built the same way. Here's what you should know about the options.
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National Mortgage Rates · September 10, 2026
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Conventional 30-Year
6.76%
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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.
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Loan Programs
Not all mortgages work the same way
One of the biggest decisions you make isn't just how much to borrow—it's which type of loan fits your situation. Fixed-rate mortgages lock in your payment for the life of the loan, which means predictability. Adjustable-rate mortgages may start lower but can change over time. FHA loans, conventional loans, VA loans, USDA loans—each has different rules about down payments, credit requirements, and who qualifies. The right choice depends on your timeline, how long you plan to stay, and what matters most to you: the lowest starting payment or complete certainty about what you'll owe next year. I'm happy to walk you through the differences and help you understand which program makes sense for your goals. Let's talk about which loan structure works best for what you're trying to do.
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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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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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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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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 Connie Oller team any time and we'll walk you through your options.
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30 S 7th Ave, Brighton CO 80601
303-717-3223
Blue Spruce Mortgage · Unsubscribe
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