Long Term Locks –  Lock periods  from 4 to 9 months

  • Rate will be the Fannie / Freddie 90 day rate offered in OB
  • Conventional loans only & Construction loans only
  • Brokers must use GMFS Disclosure Desk and compensation must be Borrower Paid
  • Flat fee will be charged and collect upfront at a rate of .375% per month of the loan amount requested at the time of the lock request
    • Due prior to lock acceptance
    • Nonrefundable
    • May be collected from Borrower, Seller* or Correspondent Client.



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