A better way to lock rates and save Offer competitive 90 or 120-day rate locks without forward commitments. Builder Spec Lock¹ has returned, providing a flexible and cost-effective solution compared to forward commitments. With a required, non-refundable Builder Spec Lock fee, you can lock a rate and focus on what matters — getting more buyers into your homes. 1. The Builder Spec Lock fee allows you to lock in a range of interest rates on one lock per property for 90 or 120 days. The locked interest rate range may be used on any property you own. It cannot be transferred to a property owned by another party. You must provide Wells Fargo Bank, N.A. (“Lender”) a binding real estate sales contract for a property at least 30 days prior to lock expiration. If the lock is not transferred to a homebuyer by the expiration date, it will be cancelled. Lender cannot guarantee a loan will close before the lock expires. If the buyer requires additional time to close, the buyer may request a rate lock extension, which will be subject to our rate lock extension policy. Available only on agency, non-agency, FHA, and VA loans. This information is not intended for distribution to consumers, the public or third parties beyond the intended business recipient. Information is accurate as of the date of printing and is subject to change without notice. © 2025 Wells Fargo Bank, N.A. NMLSR ID 399801. AP6402379 Expires 10/2026 IHA-8419205 IBS & KBIS FLOOR PLANS
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