No. of Recommendations: 0
From what I saw from the mortgage broker and credit union that I shopped, a higher down payment didn't affect the interest rate.

Not all lenders price the same. Here's a screen shot of the price adjustments section of a wholesale rate sheet. LTV + FICO create a separate price adjustment. Depending on the lender,* there are greater or lesser breakdowns of price adjustments; for example, some (but not all) lenders offer better pricing for purchases than refinances.

* More precisely, pricing depends on the Wall Street investor underlying the "Main Street" lender.
Print the post  


Useful Resources
Our Home Center has all you need to make buying and owning a home a great experience. Get or refinance a mortgage and much more!
Buying/Selling a Home FAQ

Mortgage Professor
Offsite resource for mortgage questions.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.