As with just about anything, it's a good idea to consult with friends, family, and co-workers before you choose a mortgage lender. They may be able to put you onto one or several, whom you can then investigate to determine which is right for your needs.

If you've found a mortgage lender who offers an excellent annual percentage rate (APR), count yourself lucky -- but keep your eyes open. Some lenders may beguile you with a low APR while sticking you with huge closing costs or, even worse, balloon payments down the road.

If you live in a rural area and can't get mortgage lenders to give you the time of day, try the Rural Housing Service. It exists to help farmers, ranchers, and rural residents find affordable housing with low interest rates and low down payments. They're online at http://www.rurdev.usda.gov/rhs/index.html.