Lock N Shop LOCK NOW, BUY LATER
Are rising rate pressuring your purchase timeline? Shop for a home at your own speed with our Lock N Shop program.
Lock in your mortgage rate now Lower it once if market rates fall Take the time you need to find the perfect home How it works: 1. 2. 3.
Lock Term Base Price Price Adjustment
Date by which the borrower must be under contract
60 days
45 days .250 to price - waived
45 days of lock date
60 days of lock date
90 days
45 days .500 to price - waived
Available for Conventional, FHA, VA, and USDA Loans (30 and 15-year fixed)
Not available for non-agency loans
One-time float down allowed after property has be identified
Shawn Hunt Senior Vice President, Branch Manager NMLS ID# 1098459 Branch NMLS# 2443130 shunt@cmghomeloans.com
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