Lock and Shop

Secure an interest rate, then shop for your next home

Mortgage interest rates can change daily, sometimes hourly. If your interest rate is locked, your rate won’t change between the time you locked in your rate and closing on your loan, if you close within the specified time frame and there are no changes to your loan application. If your rate is not locked, it can change at any time.

Between high housing demand, construction supply shortages, changes to the fed funds rate, and other market trends, mortgage rates are predicted to continue to rise this year, making closing on your home even more expensive. A mortgage rate lock protects you from costly fluctuations and freezes interest rates in place so that no matter what happens with the market you keep the rate you locked.

In an effort to help our borrowers navigate an already difficult housing market, we’re proud to offer our Lock and Shop program. The financing flexibility of this program allows you to take advantage of today’s rates while buying or building your new home. So, even if you haven’t found your next home, you can lock in your rate now and shop with confidence knowing that no matter what happens to interest rates, yours will stay the same.

We offer a 60-day lock period with the ability to extend twice by 30 days. This program is available for conventional loan programs as well as FHA Loans and VA Loans.

In a rising rate environment, it’s important to lock your rate so you can take advantage of optimal interest rates. If you’re interested in learning more or locking your rate now, click here to apply now!