Lock n Shop
Lock in your market interest rates and then shop for your dream home!
First International Bank & Trust offers you the ability to “lock” in your market interest rate prior to selecting a new property address. Generally, when searching for a new home, a buyer finds their new home, then has the ability to lock in their rate based on current market conditions. With our Lock-N-Shop program, the buyer can lock in their market interest rate prior to selecting the home they wish to purchase. The uniqueness of this program gives the buyer peace of mind knowing their rate first and leaves behind the worry of a changing rate environment.
Once the buyer identifies a specific property to purchase, FIBT will determine the final interest rate at its discretion based upon the “locked” market rate and personal loan factors, such as the loan amount, the identity of the property, and any changes in the borrower’s financial condition. At the time of finalizing the interest rate, discount points and/or lender credits, if applicable, are subject to change at FIBT’s discretion.
*Conditions Apply