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If you lock in a FHA mortgage rate and then decide to go conventional is the conventional rate locked in the same time you locked in the FHA? Looking to go conventional and rates have dropped since we locked in the FHA rate.
@strebeld wrote:If you lock in a FHA mortgage rate and then decide to go conventional is the conventional rate locked in the same time you locked in the FHA? Looking to go conventional and rates have dropped since we locked in the FHA rate.
might vary by lender.... but we would lock you in on the conv loan using the rate sheet from the day you locked the fha loan.