Thinking optimistically, the answer to that would be “Yes”. Thinking practically, the answer is “Maybe,” because the future’s promised to no one. I think I’m a broken record on that one.
The reality is that no one really knows for sure what opportunities will present themselves in 2026. There is no patrolman credit union in the country that could guarantee an outcome for rates or home prices next year.
I think there are some things in place economically that could help us and could point us towards some lower interest rates down the road. As I sit here today, I don’t think that should be relied upon by anyone. That’s a part of the narrative that I think might be a little bit off. I’m victim of it, too. I have an obligation to follow the markets because of the profession that I’m in. I follow the bond market very closely in particular.
There is a potential crisis on the horizon with the 10-year treasury which I think is a reflection of America’s debt, and it’s not a good reflection. Over the years we’ve accumulated so much debt that we are now perhaps drowning in that.
However, there are some things on the horizon that should address that and may bring us back to some equilibrium. I’m an optimist. I think within any market, you’re going to have ups and downs, obviously.
That’s why you don’t want to wait too long if you are interested in buying a property. You have to be prepared to take advantage when the rates do drop. Simply put, if you’re trying to buy a home and you’re waiting for rates to drop, don’t wait.
Get pre-approved for a police home loan now. Then you can wait. Then you can play the market a little bit and see what happens.
Police Mortgage occasionally offers promotions and incentives with lower interest rates and with different loan products. So, we may be able to offer some additional assistance on most home loans for police.
As we go into 2026, I do think there’s going to be a time when there will be an opportunity to take advantage of lower mortgage rates. First-time home buyers in particular have to be ready for that beforehand.
Come in and see us or give Police Mortgage a call. We offer exceptional service and we love to educate potential home buyers. The majority of the folks we deal with are working off of low savings. They’re salt-of-the-earth folks who have worked hard in blue-collar jobs their whole lives. They come from a background where there’s just a small amount of money saved. We understand that and can advocate for almost anyone to buy a home.
If you’re a curious person and you’re on Zillow and you’re looking at properties and you have this dream of buying a beautiful home, you’ve got to get to it now. It doesn’t mean you’re committing any money. It doesn’t cost you anything to get a preapproval. All of our preapprovals are complimentary.
We’re going to give you the information. Selling you isn’t our thing. If somebody wants to buy a home, they’re going to want to buy a home. I’ve never had one person walk into my office and say, “Hey, should I buy a home?” They already made that decision that they’re interested in doing it.
Qualifying a client for the payment portion of a law enforcement mortgage based upon the debt and income ratio is an important step in the process. Police Mortgage qualifies a potential buyer on the top line income. This is very important to know.
In other words, if a police officer is in the first year on the job and earning approximately $70,000 a year, we take $70,000 and divide it by 12. In this scenario the monthly number would be $5.833.33. Then we take 45% of that, in this case that would be $2,625. That’s the maximum that police officer could afford with principal, interest, taxes, insurance, as well as any other monthly debt payments.
That’s one of the reasons why when Police Mortgage preapproves somebody, we’re not giving clients the maximum they could qualify for. We’re going to give you a number that you’re comfortable with.
If a realtor wants to push you into a higher price situation, it’s up to you to make that determination if you can afford it. We will probably tell you that you qualify for more home but also ask what you are comfortable paying on a monthly basis.
We advocate for home ownership but we also advocate for financial responsibility. Utilizing credit properly and with discipline keeps our clients out of trouble. Of course, I want everyone that I talk with to buy a home, but we’re also aware there’s a responsibility that goes with that. If you don’t have the right mindset, then maybe you shouldn’t be buying a home.
So, will there be opportunities in 2026? Probably but there are no guarantees on anything. If you saved enough money, if you are a good user of credit and responsible, you will probably be able to make your own opportunity. Then we can preapprove you for an excellent mortgage for police officers. It will be processed efficiently and there will be no surprises at closing. Having that wonderful experience is an opportunity to itself.
Police Mortgage specializes in conventional mortgages, purchase money transactions, FHA loans, and VA loans. Led by founder and CEO John Aretos, Police Mortgage is known and respected for providing clients with exceptional service, customized terms, quick and easy closings, and low money down options. To learn more about Police Mortgage, call 312-499-8878.
Police Mortgage for First Responders Who Are Second to None.
