^ downpayment affect interest rate?

[brit]

When talking about conventional loans, does the % you put down affect the interest rate you receive?

[octwed07]

I'm not a mortgage broker, but I believe there are lots of things that would impact the rate, not just downpayment amount. I think your credit score, if it's a vacation home, loan size, etc. I think if you put less than 20% down, you would fall into a different category of loan products which probably have slightly higher rates as well.

[brit]

Thanks!