What Is Covered

This limited time promotion applies to purchases, refinances, and new constructions.  MSHDA, FHA, Rural Development and VA loans are excluded from this offer. 


How It Works

Once you have made the decision to lock in the interest rate and points for the loan product and choose your term the interest rate and points will be locked for 45 days.  If, at the time of FINAL UNDERWRITING, our published rate for your particular loan product is lower than your locked-in rate, you will automatically receive the lower interest rate. 


One-Time Only

The Lock or Lower feature only applies to the original rate lock agreement.  If the loan does not close or funds are not disbursed by the lock expiration date, you will be subject to the current rate and points in effect at the time of your new rate lock agreement, and you will NOT receive  the lower rate if rates are lower at final underwriting.  Every effort will be made  to complete your loan process and fund your proceeds by the rate lock expiration date. 


Additional Notices and Disclosures

All loans are subject to program guidelines as well as credit and underwriting approval.  An executed rate lock agreement is neither a credit decision nor a commitment to lend.  This promotional offer is subject to change without notice.  Terms may vary and other restrictions may apply.  If any information provided on the loan application is incorrect or unverifiable, or if the terms of the application materially change, the interest rate and points are subject to change.  In addition, the Lock or Lower feature is terminated if your application is withdrawn or denied.