Builder Partner: Brenen Palmersheim

Home Financing For Your Dream Home

Homebridge Financial is happy to offer a variety of ways for you to purchase your new home. Financing flexibility like our Lock + Shop* and Extended Lock Programs** allows you to lock in your rates for up to 360** days while you find or build your dream home.

With Homebridge’s Extended Rate Lock program, you can lock in your rate up to 360 days** while your home is being built. Have the confidence to buy knowing you have locked in today’s rate and knowing the payments to expect at closing.

Extended Rate Lock Program details:

Ensures that the property stays within your financial reach
Can lock rates for up to 360 days**
If rates go down, you have a free “float down” option to lower rate within two months of closing

Shop with peace of mind and security. With this great program, you secure a great rate first and then take the time you need to find your dream home.

Lock + Shop features include:

Lock your rate for up to 120 days* while you shop for a home.
Exercise a one-time float down within 60 days of closing.*

Ready to start your pre-approval application?

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Frequently Asked Questions

Rates can be locked in anywhere from 30 days up to 360 days** with our Extended Rate Lock and Lock + Shop programs.
For 120 locks*, there is a 0.50% deposit that is collected at the time of lock. The lock fee is 100% refunded at closing.
For our Lock + Shop* and Extended Rate Lock programs**, your rate is locked in advance for the term you select when you apply. Your locked rate protects you from rising interest rates while you shop and select your new home or while your home is being built. If rates rise above your locked rate, then you received your locked rate at closing. If rates stay the same or go down, you can exercise your float down within 60 days** of closing to current market rates. There is no cost to the float down.
Here’s the good news. Our Lock + Shop and Extended Rate Lock programs are available on all conventional, FHA, VA, and USDA loan programs. Our team has many financing options available to you. Start your homebuying journey now by applying today!

*Lock + Shop: Rate sheet pricing applies. If the lock needs to be extended, Homebridge rate extension fees may apply.

**Extended Rate Lock: Extended rate locks may require a rate add-on and an up-front lock-in fee. A portion of the up-front lock-in fee may be refunded at closing. The refund amount is dependent upon the rate lock commitment period and rate add-on. The Extended Rate Lock with Float Down Option program is only available for borrowers requiring a lock period of equal to or greater than one hundred twenty (120) days. Homebuyers can exercise a one-time float down within 60 days of closing. The new rate is based on the rate sheets on the day that the homebuyer elects to execute the float down.

**Rate Lock Options:

For 60-day or 90-day locks, no fee is collected for this option.
For 120-day locks with a free float down option, an upfront fee is collected.
A standard 120 lock without an upfront fee and with no float down option is also available. All lock terms greater than 120 have a free float down option