<prompt> Human: I had a conversation with a mortgage specialist at my bank and the interest rate she said I should be eligible for was in the realm of 3.8-4.0. I just got my pre-approval letter after submitting an application for a First Time Homebuyer 30-year fixed rate loan. I will be putting the required 3 down on the house and my debt to income ratio is 25. The mortgage interest rate I was offered was 5.125. This seemed a bit high to me but then again I am doing all of this for the first time and have been trying to educate myself along the way. Is this considered a high interest rate or is 5.125 kind of the norm now for first time homebuyers with the 30-year fixed?  <response>: Youre only putting 3 down? That would represent a sub-prime loan. This means the conditions of the loan are less than optimal for the lender. To compensate, they raise the rate.Why are you bringing so little to the mortgage? 