frequently asked questions

What does it mean to lock in an interest rate?

After we approve your loan and you’ve secured a property for purchase, you can lock in a currently available interest rate. Our loan officers watch for the best rates to help you meet your financial goals.

Once you lock in a rate, it doesn’t matter what happens to rates on the market. You have the locked-in rate as long as you close before the rate lock expires, which is usually 30 to 45 days.