Locking My Interest Rate – The Heritage Difference!

Heritage Home Funding constantly reviews, compares, and competes all of its approved lenders to produce the lowest rates, best terms, and least expensive closing costs for it clients. Once you are able to lock your rate (described below), Heritage Home Funding continues to shop your rate for you. If a lower rate becomes available at any point before closing, Heritage Home Funding will relock your rate. There is no cost for this service and no limit to how many times the rate can be re-locked. 

Locking a Rate for a Purchase Transaction:

As soon as you have an accepted offer on your future home,and you are pre-approved, we are able to lock a rate with one of our lenders. It is important to contact Heritage Home Funding as soon as you begin to make your offer, so that Heritage Home Funding can prepare your rate to be locked. 

How Long Can My Rate be Locked for?

In most situations, a rate can be locked for up to 60 days. There is the opportunity with some of Heritage Home Funding's lenders to lock the rate for 75 and even 90 days. Any of these locks have no charge. If you only need to lock a rate for 15, 30 or 45 days, you may sometimes get a better rate then the longer terms. Because Heritage Home Funding has the ability to re-lock your rate, the advantages of short term locking can be utilized.
To inquire about locking a rate, click here.