It’s not, still an FHA loan (at least for me). Some of these clubs give money that must be payed back when you sell. Not in this case though.
3.75% is nice. When you initially go to pre-qualify, do they lock the rate in then? Just curious as I think I’ll be looking into getting pre-qualified within the next couple of weeks.
No, I don’t believe so. You can opt to get locked in when you are actually applying for the mortgage.