Your rate depends on credit, down payment, and loan type. Assistance programs may carry their own terms, so compare the total cost — rate plus mortgage insurance plus any assistance repayment — not just the headline rate.
Rate vs. total cost
A slightly higher rate with down-payment assistance can beat a lower rate you can’t afford to reach. We compare total cost across programs so the cheapest path to ownership is clear.
Improving your rate
Stronger credit and a larger down payment improve pricing. Even as a first-time buyer, small credit improvements before applying can meaningfully lower your rate — we’ll flag the highest-impact ones.
Frequently asked questions
Do first-time buyers get special rates?
Some programs offer competitive rates or assistance; the best deal is the lowest total cost, which we calculate for you.
Does assistance raise my rate?
Sometimes slightly, but it can still be the cheapest way to buy if it gets you in the door. We compare both.
How do I lower my rate?
Improve credit, increase your down payment, and compare lenders — which we do for you.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.