Churchhill Mortgage has launched the Rate Secured program to lock eligible borrowers into an interest rate for 90-days after engaging with the lender, whether they have selected a home. The lender offers conventional, FHA, VA and USDA residential mortgages in 46 states.

Homebuyers today are increasingly challenged by rising interest rates, which can cause them to purchase a home before they are ready or decide not to enter the market at all. Churchill has unveiled its Rate Secured program to give borrowers increased peace of mind as they navigate the home-buying process.

“More than ever, borrowers need services such as these to help them make smarter mortgage decisions,” said Tom Gillen, senior vice president of secondary marketing for Churchill Mortgage. “Rate Secured allows borrowers to shop for their dream home with the confidence that their loan will close seamlessly, and at a rate they can plan around.”

If the borrower does not find a home within that timeframe, he can reset the rate for another 90 days, and more importantly, if interest rates should decrease during the lock time, the borrower will receive the lower rate at closing.

“In today’s rising interest rate environment, buyers are more hesitant to enter the market and are appropriately cautious towards any future changes,” said Mike Hardwick, founder and president of Churchill Mortgage. “Through Churchill’s Rate Secured program, we are empowering borrowers to better plan their home searches by eliminating any surprises relative to their financing, all of which helps ensure a smarter mortgage process and better borrower experience.”