90-Day Rate Lock

Lock in the Rate


If you plan to go to contract within three months of obtaining an Ark Certified Pre-Approval, you can reduce the stress of the homebuying process by purchasing Rate Protection for a refundable* fee. When you purchase Ark’s Rate Protection, you lock in your rate for 90 days. That protects you if rates increase. And if rates decrease, we’ll get you the lower rate.

* The Rate Protection Fee:

  • Will be credited against your closing costs if the loan closes within 12 months of purchasing Ark’s Rate Protection.
  • Will be refunded if all of the Final Conditions have been satisfied and Ark cannot, or Ark does not, enable the loan to close.
  • Will not be refunded if the loan fails to close because one or more of the Final Conditions have not been satisfied.
  • Will not be refunded even if all of the Final Conditions have been satisfied but you choose not to close.

How much mortgage can I afford?

The first step in buying a house is determining a realistic budget. Start with this handy calculator to get an estimate of how much you can qualify for, and how a home loan will fit into your monthly payments. The calculator takes into account your income, the purchase price, and total monthly payment. Try a couple scenarios to see how it might affect your finances.