With Extended Rate Lock, you can take advantage of current rates for up to 180 days without worrying about changing rates. This provides more time to close on your perfect place to call home.
The BankSouth Mortgage “Lock & Shop” program allows you to lock in today’s rate and then continue shopping for your new home. Now, you can focus on finding your dream home and not worry about interest rates.
With our complimentary float down option, once you lock in your rate for at least 60 days, if rates improve more than 15 days before closing by at least .125, you can float down your rate for free.
Extended Rate Lock Program is available for all conforming, FHA, VA and USDA fixed rate products. Lock and Shop Program available for all purchase transactions with conforming, FHA, VA and USDA fixed rate products. Float Down Option available for conforming, FHA, VA and USDA fixed rate products. Terms and programs subject to change without notice. Credit and collateral are subject to approval.