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Mortgage Market Update
Ryan Harding
Work Hard Mortgage
Thursday, September 3, 2026
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What mortgage program makes sense for you? |
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Hello,
There's a lot of confusion out there about mortgage programs—which ones exist, which ones you qualify for, and which one actually works best. I want to clear that up.
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National Mortgage Rates · August 27, 2026
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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
Which loan program actually fits your situation?
There's no one-size-fits-all mortgage. Depending on where you are in life—whether you're a first-time buyer, a repeat homeowner, a veteran, or someone with a smaller down payment—different loan programs can make sense. Some offer flexibility on credit or reserves. Others reward you for a larger down payment or come with built-in protections. The right choice depends on your goals, timeline, and what you're comfortable with. I help borrowers match their situation to the program that gives them the best combination of affordability, terms, and peace of mind. If you're curious whether the program you're considering (or were told about) is really your best option, let's talk through it. Reach out and we can walk through what's available to you.
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Tip of the Week
Schedule a plumber to inspect older homes for slow leaks — water damage is expensive and often hidden until it's serious.
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Tips for Homeowners
Jumbo Loans: What They Are and How They Work
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1.
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A jumbo loan exceeds the conforming loan limit set by the FHFA — $766,550 in most areas for 2024, higher in designated high-cost markets. These loans can't be sold to Fannie Mae or Freddie Mac.
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2.
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Jumbo loans typically require stronger credit (often 700+), larger down payments (10–20%), and more cash reserves. Underwriting is more thorough and can take longer.
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3.
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Rates on jumbo loans are sometimes comparable to or even lower than conforming rates, depending on market conditions. Don't assume a jumbo loan means a worse deal — shop lenders.
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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 Ryan Harding team any time and we'll walk you through your options. |
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