Since mortgage interest rates are constantly changing, we offer the option of "locking-in" the current rate to protect you against an increase during the loan process. Once your loan rate is locked, you will receive this rate and the discount points you requested, no matter which way rates move. This means that the loan amount you qualify for today will still be the same when the loan closes.

You can lock-in an interest rate and discount points if you:

• Submit a completed loan application.
  
• Pay the required prepaid application fee to cover the cost of the appraisal and credit report. 

Once these requirements are met contact us at (800) 319-7930 to request a rate lock.  

The interest rate can be locked for 60 days.  Locks longer than 60 days may be available and generally have higher discount points, which increase the overall cost of obtaining the mortgage.

Remember, locking your loan is your responsibility. When you decide on the interest rate and discount points for your loan, give us a call and speak with a loan representative who will put your lock in place and guarantee* the rate and points for your closing date. We will also provide you with a written lock confirmation showing you the interest rate and points your loan was locked in at.

* Interest rate will be guaranteed provided borrowers provide all documentation, information, and certifications requested. Borrowers must satisfy all loan approval conditions in a timely manner in order to allow adequate time to process and fund the loan within the lock period.