Extended Lock Program

Do you have vacant lots or land to sell? MWF is pleased to announce the new extended rate lock program offering interest protection for up to 180 days (6 months) for new home construction. This program is available for FHA, VA, and Conventional Loans.

 

Program Guidelines:

• Up-front lock fee of .5 due at time of lock (no later than 3 bus. days of locking) and is non-refundable.
• One time float down option is allowed to lower interest rate if new rate is less than the original rate. Pricing will remain the same.
• Increases in loan amount in excess of 10% after lock may be subject to re-pricing.

 

 

 

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.