August 2026 Mortgage Rate Megathread
Hi all!
I’m a federally licensed Mortgage Loan Officer with Alliant Credit Union, lending nationwide with competitive online rates. I’ve been in mortgage lending for 20 years and help people make sense of one of the biggest financial decisions they’ll face.
You’re working directly with a credit union lender, not a broker, but I shop rates like one. In addition to Alliant, I work with multiple investors to make sure you’re getting the best deal possible, including Pennymac, Mr. Cooper, U.S. Bank, Chase, AmeriHome, Freedom Mortgage, and Truist, plus access to Fannie Mae and Freddie Mac direct programs.
If you’re checking rates or weighing options, just drop a few details from the table below and I’ll send back a quick, personalized scenario. No cost, no pressure.
I usually respond within 24 hours. Your info is only used to build your scenario, and if you have questions at any point, just ask. Happy to help.
RATES CHANGE DAILY - RATES GO LIVE AT 10a CST
- All scenarios are based on:
- 30 day lock
- Payments are principal and interest only (tax, insurance, PMI not included)
- Lender Fees
- $950 Conventional & FHA
- $0 VA
| ^(Purpose) | ^(General) | ^(Loan Type) | ^(Loan Term) | ^(Property Type) | ^(Property Use) |
|---|---|---|---|---|---|
| ^(Purchase) | ^(Property Value) | ^(Conventional) | ^(30-Year Fixed) | ^(Single-Family) | ^(Primary Residence) |
| ^(No Cash-Out Refi) | ^(Loan Amount) | ^(FHA) | ^(20-Year Fixed) | ^(Multi-Family / max 4 units) | ^(Second Home) |
| ^(Cash-Out Refi) | ^(Credit Score) | ^(VA) | ^(15-Year Fixed) | ^(Townhouse) | ^(Investment Property) |
| ^(Zip Code) | ^(Jumbo) | ^(5/7/10 ARM) | ^(Manufactured) | ||
| ^(Physician) | ^(Condo / # of stories) |
Example of how to format your request:
- Purchase - $400k - $320k - 720 fico - 90210 - Physician- 30 Fixed - Single Family - Primary
- [Purchase Price] - [Loan Amount] - [Credit Score] - [Zip Code] - [Program] - [Term] - [Occupancy]
- Refinance - $400k - $320k - 720 fico - 90210 - Conv - 30 Fixed - Single Family - Primary
- [Home Value] - [Loan Amount] - [Credit Score] - [Zip Code] - [Program/Cash Out?] - [Term] - [Occupancy]
Common Questions:
- Lender credit = money from us, to you to reduce your closing costs
- Points = Cost to purchase rate
- Payment = Principal and Interest mortgage payment (monthly)
Unique Loan Programs:
- Doctor/Physician (No PMI)
- Non-Conforming/Jumbo (No PMI)
- $0 Down First Time Homebuyer
- Nurses/Medical Professional Loan Program
^(Important Mortgage Rules, Regulations & Disclosures:)
^(For Illustration Only - Not a Rate Quote or Offer to Lend - Rates and terms are subject to change)
^(Disclosures: APR equals Annual Percentage Rate. Rates and terms may change without notice. This is not a commitment to lend. Membership eligibility required. All loans are subject to credit approval and underwriting. Actual rate, APR, and costs vary based on credit, income, property type, and individual loan factors. Lending in all 50 States Excluding Maryland. No subordinate financing.)
^(Home Loan Disclosures)
^(Fixed Rate Mortgage Disclosure)
^(Adjustable Rate Mortgage / ARM Disclosure)
^(Social Media Guidelines and Disclosures)
^(Disclosure Library)
Collin Donahue | NMLS 236801
Alliant Credit Union | NMLS 197185
Contact Me & Apply Now Link
^(⌂ Equal Housing Lender | Federally Insured by NCUA)
Be cautious of unsolicited private messages from ‘lenders’ or ‘brokers.’ Do not share personal information through Reddit DMs, and please report spam/scam messages to Reddit.