A rate lock provides you the opportunity to secure the interest rate and term of your mortgage application.  A rate lock offers peace of mind in the event of rate fluctuations that may occur during the processing of your loan.

Rate Lock Period

  • The standard rate lock-in period is 45 days.
  • A fully executed purchase agreement identifying a property for purchase is required on purchase transactions.
  • Rate lock requests may be made during the Real Estate Lending department's regular business hours which include 8 a.m. – 7 p.m. Monday through Friday, and 9 a.m. – 3 p.m. on Saturday.

Rate Lock Impact Factors

A change in your loan characteristics, including but not limited to the following may cause the interest rate and, if applicable, any discount points to be modified:

  • The loan-to-value or sales price of your property increases.
  • The requested loan type or term changes.
  • The property type changes.
  • Your credit score decreases or the occupancy plans for the property change.
  • You request a loan amount increase.
  • A negative change in your monthly income or other financial sources​.


If you would like to request a rate lock or have related questions, please call our real estate loan consultants at (800) 462-8328, ext. 8288, option 1. The consultants can be reached during their regular business hours which include, Monday through Friday from 8 a.m. – 7 p.m. or Saturday from 9 a.m. – 3 p.m.

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