Lock-In Period
A lock-in period is the window during which a lender guarantees a quoted interest rate while the lender processes the loan.
What Lock-In Period means
Common locks run 30, 45, or 60 days. If the loan does not close in time, the lock can expire and may require a costly extension. Locking protects the borrower from rate increases during processing.
Florida example
A buyer locked a 6.5% rate for 45 days on a Tampa purchase; when closing slipped a week, the lender extended the lock to keep the rate.
What it is
The lock-in period is the window your lender holds your quoted rate. Common ones run 30, 45, or 60 days.
Close within it and your rate is protected.
How to use it
Match your lock-in period to your closing date so the rate holds. A lock that expires early can cost a fee.
We time your lock to your closing. Reach out and we will protect your rate at the right moment.
Related program: Learn more →
Verify the details for your own situation against these government and agency sources: Freddie Mac Primary Mortgage Market Survey and Federal Reserve H.15 selected rates.