re: Picking a lender for a mortgage -- first step

with a conventional loan your credit score will affect your rate the most. 740+ will get you the best rates. 3.5% was the conventional rate i looked at this morning with no points and no origination. Also make sure you are getting at least 30days on the purchase contract. I tell agents that i work with to try and get 45 days that way if the process hits any snags we dont have to extend the contract.