Protection from rising interest rates
Are you in the process of building a new home or considering a new build? Are you worried that interest rates might go up before your home closes? Worry no more, Finance of America offers you the unique ability to lock your interest rate for up to 12 months.
Here’s how it works
Finance of America will purchase you a rate lock for 12 months. Prior to closing your loan, we will check for a rate improvement. If rates are lower than when you locked, we will float your rate down at no cost to you.
Are you ready to move forward with a purchase or refinance? Please give us a call at 888-810-1459 and let us help you secure financing for your purchase or save you money on the refinance of your existing home. Be sure to ask your loan officer about our closing costs incentives and our low rate guarantee!
Get Preapproved Today!
Disclaimer: Free Float Down Guarantee Disclaimer: Borrower is eligible to receive one free rate float down under the following conditions: 1) The borrower must have a fully completed application on file and all documents required for underwriting must be submitted to the Dallas, TX branch (“Dallas branch”) of Finance of America. 2) The borrower’s loan status must be fully approved with clearance to close. 3) The interest rate must have improved .25% from the original rate at the time of the executed lock agreement. Upon satisfaction of all conditions the Dallas branch of Finance of America will float down the interest rate to the available market rate. The loan must close before the rate lock expiration. Float down must be received and completed a minimum of 5 business days in advance of the scheduled closing date to allow time for modification of loan documents and approval from underwriting. Offer excludes USDA and Jumbo Loan Programs. Products and services may not be available in all states and are not available in states in which Finance of America is not licensed. Offer available only through the Dallas branch of Finance of America. Terms are subject to change at any time. Please consult with a Finance of America Dallas branch loan officer for additional details. Copyright © 2018 Finance of America, Nationwide Mortgage Licensing System (NMLS) Company ID# 12072. Arizona Mortgage Banker License #927740, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act File No: 4130296, Georgia Residential Mortgage Licensee, Illinois Residential Mortgage Licensee, New Hampshire – Licensed by the New Hampshire Banking Department License #19536-MB, Ohio Broker/Banker Registration #MBMB-850231-000, Oregon Division of Financial Regulation License ML-2797, Washington Consumer Loan Company License CL-12072. Refer to www.financeofamerica.com to see where Skyline Financial Corp. is a licensed lender.