What are my rate lock options at Eustis Mortgage?
Eustis Mortgage offers lock periods up to six months on some loan programs. We also offer a Float Down Option, which protects you from rising rates but lets you benefit if rates fall. Under the Float Down Option Lock, you can exercise your Float Down Option anytime until one business day before closing. For the Float Down Option, we require a non-refundable deposit of 1% of the loan amount due when you lock in.
