The most common option, requiring a minimum credit score of 620 and down payments as low as 3%.
Average rates vary slightly by source but generally fall within these ranges: 6.09% – 6.25% 15-Year Fixed: 5.50% – 5.62% 30-Year FHA: ~6.06% 30-Year VA: ~5.84% 30-Year Jumbo: ~6.54% Common Mortgage Types in 2026 mortgage us
For high-value properties exceeding the 2026 conforming loan limit of $832,750 in most areas. Market Trends and Outlook Mortgage Rates - Freddie Mac The most common option, requiring a minimum credit
Borrowers typically choose from several loan structures based on their financial profile: The most common option
Exclusive to veterans and service members, these typically require no down payment and have no minimum credit score, though lenders often look for 620+.