Compare live mortgage rates - no personal information required.
Same-day loan estimate and pre-approval with a completed application.
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Conventional Loan Facts
- Down payment as low as 3% for first-time homebuyers, 5% for others
- Down payment assistance programs available to fully cover the 3% down payment
- Private Mortgage Insurance (PMI) required below 80% LTV - automatically removed at 78%
- Maximum DTI typically 45%, up to 50% with strong compensating factors
- Minimum credit score generally 620; best rates at 740+
- Available for primary residence, second home, or investment property
- No upfront mortgage insurance premium - only monthly PMI if applicable
More Loan Options
Rate Direct is run by Jennifer Kirby.
Every loan is originated personally through Loan Factory Inc. Every email, text, and call comes from us directly, and we never sell your information.
NMLS# 2672337 · Loan Factory Inc., NMLS# 320841
Backed by Loan Factory's $2,000 Best Price Guarantee
Find a lower rate elsewhere? We'll beat it or pay you $2,000. Send your competing Loan Estimate and we'll return a side-by-side comparison the same day.