Call Your Favorite DHIM Loan Officer for details: August / September Closing Lower Interest Rates:DHI Mortgage offers an extended rate lock with a float down optionthat allows you to lock your loan for up to 120 days1 with a one-time''float down. '' This means if the interest rate drops below your lockedrate, you may float down to the new rate and relock your loan beforeclosing. The float down may only be used once, within 60 days ofyour close date, but not later than 15 days before closing. PROGRAM GUIDELINESOffered on 30-year fixed-rate Conventional2, FHA, VA3, and USDA4 mortgages Float-down option is forfeited when lock expires Borrower is required to payan up-front fee of 0.5% of the