Lock N Shop
Lock N Shop helps protect you from rising interest rates by allowing you to lock in a rate for up to 90 days while you search for the right home.
Is Lock N Shop right for you?
Lock N Shop may be a great option if you:
- Are actively house hunting but haven't found the right home yet
- Want protection if interest rates increase while you shop
- Need extra time to find the right home
- Want more confidence when making an offer
Lock N Shop features
- Lock your rate for up to 90 days, before you're under contract
- Shop with greater peace of mind
- Float your rate down once if market rate falls
- Use with Conventional, FHA, VA, or USDA Loans
Frequently Asked Questions
We’re here to help! Find answers to your everyday banking questions.
Lock N Shop lets eligible home buyers lock an interest rate before they have a signed purchase contract, helping protect against rising rates while they search for a home.
Lock N Shop is available on eligible Conventional, FHA, VA, and USDA purchase loans.
Eligible borrowers can choose either a 60-day or 90-day lock period.
To keep your locked rate, you'll need to be under contract within your selected program timeline. Your loan officer can explain your options if your home search takes longer than expected.
Borrowers can float their rate down once before the lock period ends, if market rates fall.