Extended Rate Lock Program
Lock in early and relax.
If you are buying a home from a builder, Bannr Bank's Extended Lock protects your interest rate during construction. It lets you lock in the rate now and move to a lower rate should interest rates go down while your home is built, so you can relax and focus on your future home.
Our Extended Rate Lock Program option lets you:
- Protect yourself from mortgage rate increases due to variable market conditions
- Lock in your interest rate 120 to 270 days ahead of the home's completion date
- Capture a lower rate 30 days prior to closing should the rates drop during the lock period
- Use with fixed- and adjustable-rate mortgages
- Available for conventional, FHA, USDA and VA loans
- This program applies to new construction home purchases only and is not intended for use with our construction-to-permanent home loan
- Additional conditions and fees may apply; please contact your loan officer for more information.
With a Banner Bank home loan, you'll get:
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