CMG Financial Introduces Lock N Shop Rate Protection Program – NMP Skip to main content

CMG Financial Introduces Lock N Shop Rate Protection Program

Mar 22, 2019
San Ramon, Calif.-based CMG Financial has announced that it will offer up to $2,500 toward downpayment assistance

CMG Financial has premiered its Lock N Shop rate protection program, designed to allow home shoppers to lock rate offers for 60 or 90 days while they are in search of a residence to buy.
 
According to the San Ramon, Calif.-based company, the homebuyer has 45 days to identify a property for purchase when the lock is in place. If rates rise during this period, the homebuyer will keep the locked rates, but the buyers gets a lower rate if rates fall. There is the opportunity for a one-time rate renegotiation or roll down, extension, or relock is allowed after a property is identified.
 
The Lock N Shop program is available to CMG Financial customers and CMG Financial wholesale mortgage broker partners, and is available on fixed-rate conventional, FHA, VA, and USDA mortgage loans with 30-year or 15-year terms. depending on the situation. The Lock N Shop rate protection program is not available for non-agency products or in the states of Massachusetts, New York, or Oregon.
 
“The last thing we want our clients worrying about when shopping for a home is their mortgage rate, that’s our job,” said Kim Callas, Executive Vice President, CMG Financial. “With the Lock N Shop rate protection program, home buyers get the peace of mind that their rate is locked and can take all the time they need to find the perfect home.”

 
About the author
Published
Mar 22, 2019
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026