Lock, Shop & Home
Submit your home loan application and lock in your interest rate with the Lock, Shop & Home program!
At Prosperity Home Mortgage, LLC, we understand searching for a new home often takes time, which can add stress to the home buying process if rising interest rates or market volatility are a concern while you shop.
Good news! The Lock, Shop & Home program may be able to help! Eligible home buyers who choose to participate in the Prosperity Buyer Advantage® program1 may also have the opportunity to lock in an interest rate before finding a home.
Here are a few features of Lock, Shop & Home!
- Submit your Buyer Advantage® pre-approval and lock in your interest rate.2
- No property address is needed at the time of application and rate lock.
- Shop with peace of mind, and settle more quickly since most of the mortgage financing process is already out of the way.
- Available with conventional and government fixed rate loan programs.3
1. Buyer Advantage® is not a final loan approval. A Commitment Letter is based on information and documentation provided by you and a review of your credit report. The interest rate and type of mortgage used to approve you for a specified loan amount is subject to change, which may also change the terms of approval. If the interest rate used for credit approval has changed, you may need to re-qualify. Information provided by you is subject to review and all other loan conditions must be met. After you have chosen a home and your offer has been accepted, final loan approval will be contingent upon obtaining an acceptable appraisal and title commitment. Additional documentation may be required.2. Interest rate lock available up to 90 days. Longer lock periods may be available. Additional fees may apply for longer lock periods.3. Lock, Shop & Home program is NOT available for bond, jumbo, or renovation loan programs.
*Not all borrowers will qualify
*Not all borrowers will qualify
