Exclusive Float Down Option
PrimeLending provides a Float Down Option on most Conventional and Government Loan Programs.
Get a Lower and Better Rate on Your Mortgage!
Float Down available 4 to 20 days prior to closing.
Float Down improvement applied to Interest Rate only and is based on initial lock period.
Fee reduction is not permitted. Maximum Float Down is .375% less than the locked in rate.
Extended Rate Lock with Exclusive Float Down Option
Know the Advantages
With the long term rate lock option, you can lock your rate up to 180 days. You can take advantage of the current low rates now and save on your mortgage. For example, if your home is still being built and you don’t want to miss out on today’s low rates, you can lock your rate down with this program. Add the Float Down Option Apply our Float Down Option and you can lower your long term rate lock even more! This gives you a great advantage on getting the rate you want and save on your mortgage payments.
Float Down Details
- PrimeLending provides a Float Down Option on most Conventional and Government Loan Programs.
- Float Down available 4 to 20 days prior to closing.
- Float Down improvement applied to Interest Rate only and is based on initial lock period.
- Fee reduction is not permitted.
- Maximum Float Down is .375% less than the locked in rate.
| Lock Period | 90 Days | 120 Days | 150 Days | 180 Days |
| Upfront Fees* | 0.5% | 1.0% | 1.0% | 1.0% |
*This cost is refunded when the loan is closed with PrimeLending.
