Can you float down to a lower rate more than once? are there exceptions

Many lenders do not even offer a float down option; therefore, if you had the luxury of being able to float down once... be happy.

Most lenders don't allow float downs.. those that do, only allow you to take advantage of it one time... if your with a lender who allows the one time float down, you probably were paying a slightly higher interest rate to begin with.. so the one time float down really isn't worth paying for.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

It is very unlikely because this is at a disadvantage to the lender, that is why most lenders do not allow floating. Like James said, if you got it once, grab it and be contend. Thanks Alison. www.westinmortgage.com/stephenm

Almost never.

I've worked at several lenders (including the current one) that offer a 1x float down, and none have allowed it more than once. The cost to the lender would be prohibitive to the lender to offer it more than once. FYI - I spent 7 years in Elkhart and do lend in IN - please let me know if I can help - just click my name at the right to get my contact info.

Yes, there are banks out there that allow this though, it's not common