Planning to buy a home before the busy summer season? For military families navigating PCS orders, transitions, or long-term settlement plans, early 2026 may offer a timely opportunity.
Mortgage rates recently dipped to a three-year low, hovering in the low-to-mid-6% range as of mid-January, with 15-year loans trending even lower. Recently 30-year fixed rate mortgages averaged less than 6% for the first time since September 2022 according to Freddie Mac. While rates can change, today’s environment may allow qualified buyers to secure a more affordable monthly payment and reduce long-term interest costs.
If homeownership is on your radar this spring or later this year, here’s how to prepare to make qualifying and sealing the deal less stressful.
Related: The Latest on the Evolving VA Home Loan Landscape
Start With Your VA Home Loan Advantage
Military borrowers have access to one of the most powerful home financing tools available: the VA Home Loan. In many cases, VA Home Loans require no down payment, no private mortgage insurance (PMI) although a VA funding fee may be required, and offer competitive interest rates with flexible credit guidelines.
“For many families, eliminating PMI alone can save hundreds of dollars per month. Understanding your VA Home Loan eligibility and entitlement early helps you determine your actual purchasing power and plan confidently,” says Robert Greenbaum, Chief Marketing Officer at AAFMAA Mortgage Services (AMS).
Related: How Credit Score Changes Could Affect Military Homebuyers
Strengthen Your Financial Position Now
If you’re planning to buy in 2026, the best time to prepare is now. First, focus on reducing high-interest debt and keeping credit card balances low. Avoid opening new accounts or financing large purchases before applying for a mortgage. Lenders are preparing to transition to updated credit scoring models that place greater emphasis on payment history and overall credit behavior, so consistent on-time payments matter more than ever.
It’s also wise to build cash reserves. Greenbaum notes: Even with a VA Home Loan, you’ll want funds available for earnest money, inspections, moving expenses, and unexpected repairs. Maintaining several months of expenses in savings not only strengthens your application but also provides peace of mind during a PCS transition.”
Get Pre-Approved Before Peak Season
Spring and summer are traditionally competitive for homebuyers—especially near military installations. Getting pre-approved early clarifies your budget, strengthens your offer, and helps you move quickly if the right home becomes available.
Pre-approval also ensures your monthly payment aligns with your Basic Allowance for Housing (BAH) and overall financial goals. “Just because you qualify for a certain amount doesn’t mean you need to spend it all,” says Greenbaum. “Buying within a comfortable range can provide greater stability if future orders require another move.”
Related: What’s the Difference Between Pre-Approval and Pre-Qualification?
Plan With Flexibility in Mind
Military life brings mobility. When buying a home, consider its long-term value—even if you may PCS in a few years. Homes near a base, in strong school districts, or in areas with solid rental demand can provide flexibility if you decide to rent or sell later.
Thinking ahead protects your investment and gives you options.
Related: How to Do Your Homework on School Districts
Homeseeker to Homeowner
With mortgage rates at multi-year lows and peak buying season approaching, 2026 may offer military families a strategic window to purchase before competition intensifies.
Preparation is key. You’ll want to strengthen your credit, reduce debt, build reserves, and work with a lender such as AMS that understands the unique financial realities of military life. With the right plan in place, homeownership can be more than a milestone—it can be a decisive step toward long-term financial security.
We’re Here to Help
Thinking about buying, ready to start home shopping, or considering a refinance? An AMS Military Mortgage Advisor, a licensed mortgage loan originator, will be happy to provide you with an honest and fair comparison of your mortgage options, including a wide range of affordable mortgages designed to meet your needs.
Ensuring Armed Forces Mutual Members obtain the best mortgage possible is our mission. Get your free mortgage assessment today or give us a call at 844-422-3622!
*Refinancing your mortgage may result in higher finance charges over the life of the loan.