What is the best rate I can get?

While these seems like a logical question, there is no way for any of us to answer it. Too many missing variables. First, rates change everyday. For example, they have dropped about 1% in the last 30-days. Of course after shooting up more than double over the past year. Next, what loan term? 30-yr, 20-yr, 15-year? They all have different rates. How about closing costs and points? Best rate on 2 point loan, one point loan, no discount points? A condo is a single family home, but that is a higher rate... Not picking on you, but you can see now how it is too hard to answer your question. 20% down is a great place to be only because it is the point where you don't have to deal with the additional cost of mortgage insurance, but it isn't necessary, and mortgage insurance isn't as expensive as people think if you put down less. Reach out to a local mortgage broker, and you'll be in good hands. Stay away from the retail banks, and as far away as possible from the big internet lenders. I lend in WI, MN, IA, ND, SD. | Cambria Mortgage | Wi-MortgageBroker.com/quick-quote | NMLS 274132