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Seller PreLock Program

In today’s real estate market, rising interest rates can make it harder for buyers to qualify and harder for sellers to close quickly. That’s where Seller PreLock comes in.

This unique program allows Preferred Rate to forward lock a discounted rate for a future buyer, creating confidence, increasing buyer interest, and helping your home stand out from the rest.

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Seller PreLock Program for homeowners to secure home sale options.
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Top military lender

NMP

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Preferred Rate logo on a professional financial website.
Trusted financial services logo for competitive loan and mortgage rates.

Top mortgage lender

Scotsman guide

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Preferred Rate logo on a professional financial website.
Trusted financial services logo for competitive loan and mortgage rates.

5-Star Lender

MPA

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TOP LENDER

CALHFA

TOP EMPLOYER

DIVERSITY JOBS

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TOP 100 MORTGAGE COMPANIES

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Mortgage Professional America

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The Preferred Rate logo showcases a professional financial services brand specializing in mortgage and loan solutions.

TOP 250 LATINO MORTGAGE ORIGINATORS

NAHREP

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NMP

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TOP MORTGAGE LENDER

Scotsman Guide

TOP MILITARY LENDER

NMP

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TOP 15 VA LENDER

Scotsman Guide

Product highlights

  • Available for primary residence purchases
  • Eligible for Conventional, FHA, VA loans
  • Up to 100% LTV available on select programs
  • Seller’s PreLock fee of $995 is refunded to seller if they use APM to finance next purchase
  • Seller pays a non-refundable PreLock fee for APM to secure a forward lock with a discounted starting rate for a future buyer
  • Buyer chooses which program to apply the discount to (FHA, VA, Conventional)
  • Buyer applies with Preferred Rate and leverages the forward locked rate
  • Home sells faster with fewer financing surprises
  • Within 6 months, seller uses Preferred Rate to finance next purchase & receives credit for PreLock fee in escrow
Borrower advantages
  • Attract more buyers
  • Avoid lowering list price - use the funds to lock in a rate discount for the buyer
  • Seller decides how much to contribute (up to 3% of sales price)
  • Keep more of the value in your own pocket
Realtor advantages
  • Stand out in listing appointments by offering a unique solution
  • Create urgency and buyer confidence in a high-rate market
  • Attract more serious offers by reducing buyer uncertainty
  • Shorten days on market with an easier path to qualification
Preferred Rate helps first-time homebuyers with easy mortgage options.
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