Lock & Shop

Looking for a new home is an exciting time, but rising interest rates can add stress to what should be an enjoyable experience. Don’t worry, our Lock & Shop program allows you to lock your rate before you have a fully executed sales contract. So go ahead, take your time and enjoy a worry-free ride while you search for the house you will call home.


Is It Right for You?

This unique option serves a wide range of homebuyers as it can be used with just about any loan program (FHA, VA, Conventional, and more). Those looking to sell a home and buy a new one should check this out.


Is It Right for Your Situation?

Primary residence, single family and 2-4 unit properties, condos and townhomes, Planned Unit Developments (PUDs), and manufactured double-wide homes; maximum loan amount varies based on loan program selected.


Features and Benefits

  1. Peace of mind while shopping for a new home
  2. No property address needed at time of application and rate lock
  3. Lock your rate for up to 30 days
  4. Protection from potentially higher interest rates
  5. Keep your locked rate or float down (once you have a house under contract)


There are a lot of things to consider when buying a new home: the floor plan, the school district, and of course, closet space! Finding the right home can take time and Gateway’s Lock & Shop program is designed with one thing in mind—to make your homebuying experience amazing.

Ready to get expert advice and determine what works best for your personal situation? Contact one of our local, caring mortgage professionals at a Mortgage Center Near You.