Home>> Lock Assure Powered By Geneva Financial
In a competitive real estate market, transactions can take longer. Traditional rate locks expire in about 30 days, which can put you at risk of losing the initial rate you locked your loan at.
This special product from Geneva Financial allows you more time to shop, negotiate and close the loan with your interest rate locked in place.*
- 90 Day Interest Rate Lock
- Fully Underwritten Loan Approval Prior to Property Selection
- 45 Days to Find The Home
- If Rates Improve After Lock – Your Lock Improves
What does this mean for you?
As you may have heard, mortgage rates are on the rise, and there is no slowing in sight. We anticipate this to be the pattern we see for quite some time.
“This product is going to open doors for many of our customers, providing much-needed flexibility considering the current housing supply.” Telle VanTrojen, COO and Partner of Geneva Financial, stated about the announcement. “This is another opportunity for us at Geneva to better serve our communities and give them every advantage on their journey to homeownership.”
In a competitive real estate market, transactions can take longer. Traditional rate locks generally expire in about 30 days, which can put borrowers at risk of losing the initial rate the loan was locked at. This special product from Geneva Financial allows potential homebuyers more time to shop, negotiate and close the loan with the interest rate locked in place.
The program also guarantees fully underwritten loan approval prior to property selection, a full 45 days to find the home, and, if rates improve after the lock, the borrower’s lock improves with it.
With more than 130 branches nationwide, Geneva Financial Home Loans offers countless homebuyer and homeowner-focused products including Conventional, FHA, VA, USDA, Refinance, Reverse, Jumbo Loans and Condo Financing as well as Down Payment Assistance Programs, First-Time Homebuyer Programs, Physician Loans and Hero Loans for First Responders, Police, Firefighters, Nurses, and Teachers. If you need help navigating the current market, connect with your local Geneva Financial representative to start the conversation and read more about Geneva’s full product lineup at https://www.genevafi.com/loan-products/.
About Geneva Financial
Founded in 2007 by Aaron VanTrojen, Geneva Financial (NMLS 42056) is a direct mortgage lender headquartered in Chandler, Arizona with more than 130 branch locations in 46 states. Our mission at Geneva Financial is to approach every aspect of our business from the “inside-out”. With a culture-forward mindset, we focus on our loan originators and support staff first to ensure an unbeatable experience for our customers.
Our Core Values were created as a daily reminder to operate with the inside-out approach in mind. Core Value #1 is the backbone of all our Core Values, our mission, and our brand vision: Home Loans Powered by Humans®. Learn more about Geneva Financial Home Loans at www.GenevaFi.com
FHA Loans are a great option for a first-time homebuyer, often with lower down payment options and less stringent qualifying guidelines.
VA Loans are a great resource if you have served or your spouse has served in the military. They offer zero down payment options as well as other benefits. To learn more click here.
USDA Loans also offer zero down payment options and accept credit scores down to 600. To learn more about USDA loans click here.
Paying a higher price for a home and a higher mortgage rate can be a difficult pill to swallow. However, waiting will just cost you more. If you’re ready, willing, and able to buy a home, now will be a better time than a year, or even six months from now. Let’s connect to begin the process today.
Want to see what your mortgage payment might look like? Check out our mortgage calculator below: