A great score with a small down payment can still price higher than you expect, because your rate is set by more than the score. Two of the biggest pricing adjusters are credit score and loan-to-value, which your down payment drives. A 786 is excellent and helps, but 3% down means a high loan-to-value, and that carries its own adjustments that push the rate up. The lowest advertised rates usually assume both a top score and a large down payment (often 20 to 25% down), so a 3%-down scenario prices above those headline numbers unless you pay points, which we lean against as a default. One tell in the number itself: rates come in eighth and quarter increments (6.125, 6.25, and so on), so a clean 6.2% is almost certainly rounded from something nearby. You are likely looking at a ballpark, and a verbal one at that. The move is to get the written Loan Estimate, which shows the rate, the points, and the fees together. That is the only way to judge whether you are being priced fairly for your score and down payment. Send it over and we will review it, or grab the free Roadmap conversation (about 20 minutes) and we will run your real numbers. The rates mentioned here are illustrative.