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.

The interest rate can be locked for 60 days.

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

• Submit a completed loan application.  
• Complete and sign the Mortgage Interest Rate Commitment Contract.

Remember, locking your loan is your responsibility. Please call the Mortgage Department at 860-441-0902 to lock in and guarantee* the rate and points. We will provide you with a written lock confirmation upon completion. 

* 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.