Florida Lock and Shop mortgage lets you lock today’s rate and keep shopping for the right home. You pick a 45‑, 120‑, or 180‑day lock period. You remove rate anxiety and gain time to compare neighborhoods and prices. Pair this with first‑time buyer options like 100% Financing to move forward with confidence.
What Is the Lock & Shop Program?
You secure your interest rate now. Then you shop for a property. If rates rise during your lock period, your locked rate stays protected. If rates fall, ask us about available options.
Lock Periods: 45, 120, and 180 Days
-
45‑day lock: Best for buyers who expect a quick contract.
-
120‑day lock: A balanced window for most home searches.
-
180‑day lock: Extra time for competitive areas or new builds.
See additional programs that can work with Lock & Shop:
Who Benefits Most?
-
First‑time buyers who want rate stability while they learn the market. Consider Hometown Heroes 2025 and this Hometown Heroes Update.
-
Investors comparing rents and yields. Explore DSCR Mortgages for income‑based approvals.
-
Self‑employed buyers who need flexible documentation. Review Bank Statement Loans and a Bank Statement HELOC.
-
Foreign national buyers building U.S. portfolios. See our Foreign National Mortgage Program and Foreign National DSCR.
-
Condo shoppers in Florida. Understand building rules in Florida’s 2025 Condo Reserve Requirements.
How the Florida Lock and Shop Mortgage Works
-
Get pre‑qualified. We review credit, income, and assets.
-
Pick a lock period. Choose 45, 120, or 180 days to match your timeline.
-
Shop smart. Tour homes without rate stress. Use our guides, like Buying a Home in Today’s Market.
-
Go under contract. Send the signed contract before your lock ends.
-
Finalize your loan. We complete underwriting and disclosures.
-
Close with confidence. Your locked rate carries you to closing.
Pair Lock & Shop With These Programs
FAQs
Can I extend my lock if I need more time?
Extensions may be available. Fees and terms can apply. Ask our team before your lock expires.
Can I improve my rate if the market drops?
Some loans allow a one‑time adjustment. Options vary by program. We will review this with you up front.
Does Lock & Shop work with down payment assistance?
Yes, often. Many buyers pair it with Zero Down or 100% Financing.
Get Started
Schedule your qualification and lock your interest rate today. You can shop without rushing and still protect your financing strategy.
Eligibility, terms, and conditions apply. Programs and rates are subject to change. Not a commitment to lend.
