Peace of Mind

As construction for your dream home begins, the last thing you want to worry about is your interest rate. With a long-term rate lock of 180, 270 or even 360 days, you’ll have the peace of mind knowing that you have a low, affordable adjustable-rate for 3, 5, or 7 years.* And, if you choose a convertible ARM, you’ll still have the flexibility to change this adjustable-rate to a fixed rate prior to or after closing. A long-term lock fee of 1% is required, but will be credited towards your closing costs.

Flexible Options

What if Rates Fall After I Lock? We understand that many homebuyers prefer the security of a fixed rate. Therefore, when you are within 30-90 days of closing and rates continue to drop, you still have the flexibility to lock a lower current rate with another adjustable-rate mortgage or you can switch to the current fixed rate. Even better, this one-time option is available to you for free!

Free Conversion to a Fixed Rate. When you select a convertible 3/1 or 5/1 ARM* with your longterm lock, you also have the flexibility to convert your ARM into a fixed rate mortgage, at any time up to five years, at no cost to you! When you’re ready to use this option, you’ll have the opportunity to “look back” over the past seven days and select the lowest rate!