How it works
Once you've applied and chosen your loan, we can lock your rate. If rates rise before closing, your rate stays the same. If your loan doesn't close before the lock ends, the lock may need to be extended.
When to lock
Most borrowers lock once they have an accepted offer (for a purchase) or have decided to move forward (for a refinance). We'll talk through timing with you.
What can change a locked rate
Changes to your loan amount, credit, property, or loan program can affect your rate, even after locking.
Frequently asked questions
Does locking cost money?
Standard locks usually don't. Longer locks may have a cost. We'll explain before you decide.
Can I lock before I find a home?
Usually you lock once you have a property under contract.