Rate Float Down Policy
- Fixed rates must drop by at least 25 basis points
- ARM rates must drop by at least 50 basis points
- Rate drop must occur 7 business days prior to closing
- Loans with Mortgage Insurance not eligible
- Minimum loan amount $200,000.00
- Maximum loan amount $729,000
- Loans with 2nd Liens or Subordinations not eligible
- Eligible for Single Family and Townhouses only
Rate Float Down Policy



