Purchasing a Spec Home or a Builder-Financed New Construction? Extended Rate Locks Are Available.

Protect Yourself From Rising Interest Rates While Your New Home Is Being Built.

Rising home loan interest rates can be a costly impact over the life of a loan. That’s why we want to help take the extra stress out of purchasing your new home by offering you the option to lock your rate during home construction.

We suggest starting the rate lock when you begin framing your home. If the rate lock happens to expire before construction is complete, we can work with you to continue your rate lock.

What Extended Rate Locks Are Available?*

• 120 Days: Free
• Long-Term Fixed Rate Mortgages
  • 6-Month: 0.25% over current posted rate
  • 9-Month: 0.375% over current posted rate
  • 12-month: 0.75% over current posted rate
• Adjustable Rate Mortgages
  • Up to 12 Months at 0.50% over current posted rate

To take advantage of the Extended Rate Lock Program, please contact us to be connected with a Fox mortgage lender who will be happy to help you out.

*All extended rate lock options (with the exception of the 120 days lock) require a non-refundable lock fee of $750. Must meet eligibility requirements by submitting an application with full supporting documentation. Signed offer to purchase executed by all parties. One-time float down option (within 60 days of closing) if rates drop. Other conditions may apply.