Lock-and-Shop Program
Guarantee today’s rates.
Get a guaranteed interest rate for 60 days.
Lock in your interest rate while you shop for your home
Exclusively available with our Portfolio Programs
Access this program by becoming a Certified Buyer
If you’re shopping for your home but concerned where mortgage interest rates will be by the time you have a contract, we have a great worry-free option to help you get the lowest rate. Our Lock-and-Shop Program can lock in and guarantee your interest rate for 60 days. If rates decrease, you may be eligible to take advantage of a lower rate with no float-down fee.
All you have to do is get pre-approved through our Certified Buyer Pre-Approval Program, and finance your home using one of our portfolio programs. We make that easy, too.
Our Portfolio Program loans are any loan products we hold ownership of and service. Loan products in our portfolio include 15 and 30-year fixed, 7/1 ARM, 10/1 ARM, Medical Professionals Loan Program, Construction Programs, Standard Portfolio, Advantage Portfolio and our affordable no or low down payment STAR Program. We also offer a 0.125% rate discount* on these loans!
- The interest rate lock may be extended for up to an additional 30 days provided a subject property has been determined. Standard lock extension charges will apply.
Ready to connect with an expert?
Contact your Atlantic Union Bank Mortgage Loan Officer or follow the link below.
Disclosures
*Eligibility requires you to fund your monthly payments with an Atlantic Union Bank deposit account.
This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approvals. Terms, rates, data, programs, information and conditions are subject to change without notice. Not all loans or products are available in all states. Specific program restrictions may apply, so please consult your dedicated Mortgage Loan Officer for complete details.
Payment example: on a $250,000 home with 80% financing and a 15-year fixed-rate loan at 6.25%, the monthly payment would be $1,714.85. The Annual Percentage Rate (APR) would be 6.529%. This example does not include an escrow account for taxes and hazard insurance. Actual payment obligation will be greater if an escrow account is established.
Payment example: on a $250,000 home with 80% financing and a 7/1 ARM loan at 6.50%, the monthly payment would be $1,264.14. The Annual Percentage Rate (APR) would be 6.671%. This example does not include an escrow account for taxes and hazard insurance. Actual payment obligation will be greater if an escrow account is established. After the initial 7-year fixed period, your rate can increase a maximum of 5 percentage points, 2 percentage points at each subsequent adjustment and never more than 5 percentage points above the initial rate over the lifetime of the loan.
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