What are the major Factors that affect my interest rate?

Factors that affect rate and fees assuming you are talking about 30 year fixed rates.Property typeProperty occupancyCredit scoreLoan to valueLoan amountTo get the lowest rate and fees, put 40% down on a single family residence, owner occupied, with a 740 credit score; not 20% down. Anything more than the 40% will have no effect. Gregorio Denny --WeFixRates.Com---

Want the lowest interest rate? Simple!1.) Put 20% down on SFR2.) Have credit score higher than 7403.) Call Freedom Mortgage for the lowest quote!I'm ready when you are. :)

You'll always get the lowest rate for our situation at 60^ LTV or less. These are the pricing "steps" that make up the final rate:Loan PurposeLoan AmountLoan-to-ValueLocationCredit ScorePrior Foreclosure or BankruptcyEmploymentNative American U. S. CitizenForeign National / Visa StatusAssetsAsset Liquidity (Reserves)Amount of Financed Properties OwnedLiabilitiesDebt-to-Income RatioProperty TypeOccupancy TypeZoningVestingDocumentation TypeLock TermEscrow WaiverHappy funding, Rudi

Hi Marty,Because you aree asking what YOU can do, there are a few things that would need to be answered. Your credit score, income and employment history as well as your debt ratio will all factor in. The quickest way to find out is to call a few of companies listed here and with a little time investment on your behalf, you will haver a much better understanding of where you stand.Best,Matt DavisPier West Capital, Inc.