Buying a home can often be complicated and stressful. To reduce anxiety over rising interest rates, United Purpose Mortgage offers a program called Lock & Shop. Borrowers can lock in today's low interest rate, providing potential homebuyers peace of mind while still looking for a home.
Typically, you need a purchase contract before you can lock in an interest rate on your mortgage. But with our new Lock & Shop program, you can get rate protection for up to 75 days! You'll have 30 days* to find a home and execute a Sales Agreement; then you can use the remaining term of the lock to close on your property.
Benefits
- Gives you the opportunity to save money, should interest rates continue to rise.
- Helps you manage your homebuying budget by letting you know that you're pre-approved for a mortgage at a specific rate.
A United Purpose Mortgage Loan Originator can provide more information about our Lock & Shop program.
Let's Get Started*Fully executed Sales Agreement must be provided to United Purpose Mortgage within 30 days of the rate lock or lock is void. Loan must close within 75 days of the rate lock. Other product restrictions apply.
NMLS# 101561. Offer of credit is subject to credit approval. United Purpose Mortgage is licensed by: The Pennsylvania Department of Banking and Securities. The Ohio Department of Commerce – Division of Financial Institutions. The Michigan Department of Licensing and Regulatory Affairs, Office of Financial and Insurance Regulation. Contact a United Purpose Mortgage Loan Originator for full details. 1000 Gamma Drive - Pittsburgh, PA 15238 and 6000 Parkland Blvd. - Mayfield Hts., OH 44124. (833) 900-4UPM. mortgage@unitedpurpose.com.