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Get Ahead of Rising Mortgage Rates

When home buyers begin house hunting, they often find that the home buying journey can be a lengthy process. Finding a place with the right combination of must-haves and nice-to-haves can be complex and time consuming.  How much square footage is needed?  Should the property be close to parks, shopping, or services?  Will the commute to work be acceptable?

These types of questions are important, but they can be overshadowed by the possibility of rising mortgage rates as buyers apply for a home loan.  While interest rates should not be the only concern when obtaining home financing, the rate does have an impact on the loan amount for which a buyer can be approved.  Quite simply, a lower interest rate can mean more buying power.

When interest rates change, we still want our clients to be able enjoy an exciting path toward homeownership, not one filled with anxiety about rising rates.  That’s why current home buyers may be interested to learn about the FM Lending Services​ Buyer Advantage: Lock, Shop & Home loan program, which provides an opportunity to counter the worry of rising interest rates.

The FM Lending Services Buyer Advantage1 allows buyers to get much of the home financing process out of the way and obtain a Commitment Letter, which can help set their purchase offer apart from other offers a seller may be considering.  Participating in the FM Lending Services​ Buyer Advantage costs nothing additional and can help prevent last-minute issues with home financing, so buyers can enjoy an on-time loan closing.

What’s more, Lock, Shop & Home allows buyers to lock in an interest rate for up to 90 days at TODAY’S rate instead of waiting to lock in a rate only after they have found a home to purchase.  Here are a few highlights:

  • No property address is needed at the time of application and rate lock.
  • Lock an interest rate up to 90 days.2
  • Conforming and high balance loan amounts are available.
  • May be used with conventional or government fixed rate loan programs.3


Want to learn more about the FM Lending Services​ Buyer Advantage: Lock, Shop & Home loan program and see if it's the right fit for you? Contact a mortgage consultant near you!





1. FM Lending Services Buyer Advantage is not a loan approval. Ask your mortgage consultant for details about FM Lending Services Buyer Advantage. A Commitment Letter is based on information and documentation provided by you and a review of your credit report. The interest rate and type of mortgage used to approve you for a specified loan amount is subject to change, which may also change the terms of approval. If the interest rate used for credit approval has changed, you may need to re-qualify. Information provided by you is subject to review and all other loan conditions must be met. After you have chosen a home and your offer has been accepted, final loan approval will be contingent upon obtaining an acceptable appraisal and title commitment.  Additional documentation may be required.

2. Additional fees may apply.

3. Lock, Shop & Home program is not available for bond, jumbo, or renovation loan programs.

All first mortgage products are provided by Prosperity Home Mortgage, LLC dba FM Lending Services. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at

©2018 Prosperity Home Mortgage, LLC dba FM Lending Services. All Rights Reserved.

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