Your mortgage rate ispersonal to your scenario.
Rates change frequently and depend on factors such as loan type, property, occupancy, credit profile, down payment, loan amount and market conditions. The most useful rate is the one based on your actual goals and information.
Why you won't find a number on this page.
Most lender sites lead with a rate. It is almost always the best-case scenario for a borrower who is not you — perfect credit, large down payment, a specific property type and points paid up front.
What actually moves your rate.
Loan Program & Term
A 30-year fixed, a 15-year fixed and an adjustable-rate loan are priced differently. Government-backed programs price differently again. Shorter terms often carry different pricing than longer ones.
Credit Profile
Credit score and history are among the strongest pricing factors. Lenders price in tiers, so moving across a tier boundary can change your pricing more than moving within one.
Down Payment or Equity
Loan-to-value ratio matters. More money down, or more equity on a refinance, generally means less risk to the lender and different pricing as a result.
Property Type & Occupancy
A primary residence, a second home and an investment property are priced differently. Condos, multi-unit and manufactured homes each carry their own pricing considerations.
Loan Amount
Pricing can differ for very small loans, for conforming amounts and for jumbo amounts above conforming limits. The category your loan falls into affects which lenders compete for it.
Points & Lender Credits
You can generally pay discount points up front for different pricing, or take a lender credit toward closing costs in exchange for different pricing. Neither is automatically better.
Market Conditions
Mortgage pricing moves with the bond market and can change more than once in a single day. This is why a quote from last week is a starting point, not a number to plan around.
Documentation Type
Full documentation, bank statement, 1099 and asset-based programs are priced differently because they carry different verification. The right fit depends on how your income is structured.
One rate sheet, or many.
One rate sheet. Take it or leave it.
- Pricing comes from one institution's rate sheet
- No comparison unless you apply somewhere else
- A decline usually ends the conversation
- Alternative-income files often turned away
Many lenders competing for the same file.
- Your file goes to multiple wholesale lenders
- You see competing options side by side
- A decline at one lender can be a placement at another
- Bank statement, DSCR, 1099 and ITIN programs available
Three steps to a real quote.
Share the Basics
Property type, location, approximate purchase price or current balance, your down payment or equity, and a general sense of your credit.
We Shop It Out
Your scenario goes to multiple wholesale lenders so we can compare what each one offers for a file like yours.
You See the Options
A loan officer walks you through the choices, what each one costs over time, and what happens if you pay points or take a credit.
What to have ready.
The more of this you can share, the closer the first number will be to the final one.
- Property address or general area, and property type
- Whether it is a primary home, second home or investment
- Approximate purchase price, or current balance for a refinance
- Down payment amount, or estimated equity
- A general sense of your credit range
- How your income is documented (W-2, 1099, self-employed)
Questions about rates.
What is the difference between the rate and the APR?
The interest rate determines your principal-and-interest payment. The APR expresses the cost of the loan including certain fees, expressed as a yearly rate, and is designed to help compare offers. Two loans can share a rate and have different APRs.
Does getting a quote hurt my credit?
A quote based on information you provide does not require a credit pull. A formal pre-approval does involve a credit inquiry. Credit scoring models generally treat multiple mortgage inquiries within a short shopping window as a single event — ask your loan officer how that applies to you.
Can I lock my rate?
Rate locks are generally available once you have a loan in process, and lock periods and terms vary by lender and program. Your loan officer will explain the options available for your specific scenario and timeline.
Should I pay discount points?
It depends on how long you plan to keep the loan. Points cost money up front in exchange for different pricing, so there is a break-even period. If you expect to sell or refinance before that point, paying points may not pay off.
Why does my quote change from one day to the next?
Mortgage pricing moves with the bond market and can change more than once in a single day. That is normal and it is not specific to any one lender.
Tempe, AZ 85288
Phoenix, AZ 85037
Get a review based on you.
Share your goals and connect with the team for a personalized conversation — not a number from a billboard.