Lock-In Interest Rates
While Building Your New Home
Loan Allies offers an extended rate lock program that allows you to lock in your interest rate while your new home is being built. This loan lock program is available on government conventional conforming and non-conforming, fixed and adjustable-rate loans.
• 5 to 12 months on conforming government and conventional loans
• 5 to 24 months on jumbo loans
Benefits of Loan Lock
- If market interest rates increase, your locked in rate is protected.
- If market interest rates decrease, you may have the option for a one-time adjustment.
- Within 60 days of closing, you may have the option to switch to another eligible product.