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While you can get a loan with less than 20% less than can be more difficult depending on your credit score. You also need to pay PMI, which is insurance for the bank on which early arrears. The figure if you go by default is very likely to happen soon and when they have so much invested.  

About Share PMI

The amount you pay each month is based on the total of your loan. So the faster you can get over 20% of the loan paid better. Once you get to this point no longer be required to pay the share of PMI.

The length of mortgage (usually 5, 15 or 30 years), fixed vs variable rate, the amount of money you put as down payment, your credit score, current debt and assets, current income and expenses

Your bank determine your ability to pay back by looking at your credit score. It is more risky to lend to someone with lower credit score/bad credit so they will charge your more for interest.

Most likely you will have to put a lot of money as down payment in order to get a normal interest rate

right now a 30-Year Fixed from well fargo is 4.625%

I have bad/poor credit and im trying to guess what my interest rate would be on a loan but i have no clue for i am a first time buyer. Is there like a rangee?

Have it your way

Well, if you have bad credit, you likely won't qualify for a mortgage at any interest rate. Note that bad credit is different than no credit, since bad credit means you have failed to pay your bills on time, and no credit means you just haven't had any debts.

For a 30 year fixed rate mortgage someone with good credit is probably looking at about 5.5%. If you can get a mortgage, the interest rate for you will probably be 7.5% to 9%.

If your credit is very bad you should probably not be getting a mortgage though. The extra interest is VERY expensive, over $50,000 on a $200,000 mortgage, and you are unlikely to be able to make your payments, since you have a history of not being able to make your payments.

with bad/poor credit, you are not going to get a mortgage at any rate and yuo will need a lot of cash for down pmt and closing costs anyway - even with good credit

Check with your local bank, they have their rates posted. In most cases, these rates are negotiable, but if you don't have good credit and/or lack of good income, they will not lend you much or at all.

There are two basic types of rates. Variable and Fixed. Variable is based on the prime lending rate, so if the prime rate goes up, so will your rate. Fixed rate is just that, it won't change for the remaining term.

There are two time periods you need to know, Term period and Amortization period. Term period is the length of the contract in which your rates are set for. After this term period you will need to either repay the entire mortgage or sign a new term. Amortization period is the time period in which your payments are calculated out to. The longer the amortization period, the lower your monthly payments; more interest in the long run however.

Things that will affect your ability to obtain a mortgage: down payment, credit history, earned income, current debt, current assets, etc. More assets, down payment, and income you have, the better. Also less or no debt, and good credit.