Where in Massachusetts are you, Ris? I have a couple of very good lenders I could refer you to if you're in the Boston/Eastern MA region. If you'd also consider making sure the home is Energy Star compliant and it needs some upgrades in order to become classified as such, you may also want to consider an Energy Efficient Mortgage, which would get you an even LOWER rate than otherwise possible.
Let me know if you'd like more details, or you can refer to my blog at http://cybergreenrealty.wordpress.com and read my entry on Energy Efficient Mortgages to find out more.
Best of luck and congrats on being such a wise saver!
--Tim

Thanks for the kind words Maria:)

Tino

Tino is right although you may be able to get a little lower if you already have an established relationship with a bank or credit union.

RIs,

Based on mortgage rates published Friday afternoon, you would probably fall somewhere between 6.375-6.500 percent on a 30 year fixed loan.

Please email me if you have any additional questions. Tino.Muratore@gmail.com

Thanks,

Tino Muratore

If all that is true, you do qualify for the lowest possible rate out there today. Depending on how long you will be in the house consider an adjustable rate loan - or even a ballon loan if you know you will not be there for a long time. The only reason to get a 30 year fixed rate loan is if you plan on being there for a long time. Find a good Realtor and a good loan officer to help you with these decisions.

You would be eligible for the best possible rate that day, do not take anything less! Shop around.