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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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

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Frequently asked questions

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What loan types are eligible for Seller Pre-Lock?
Conventional, FHA, and VA loan types are eligible.
What property types qualify?
Single-family residences, PUDs, condos, and 2–4 unit properties.
What occupancy types are allowed?
Owner-occupied, second home, and investment properties are eligible.
How long is the rate lock valid?
Seller locks are valid for 90 days.
Are there loan balance limits?
Yes, standard conforming loan balances only.
Is there a fee for Seller Pre-Lock?
Yes, there is a $995 pre-lock fee.
Are seller concessions required?
Yes, the seller must agree to contribute a minimum of 2% in seller concessions.