Since mortgage interest rates are constantly changing, we offer the option of "locking-in" a current SF Fire Credit Union rate to protect you against an increase during the loan process.  Once your loan rate is locked, you will receive this rate and the discount points you requested, no matter which way rates move. This means that the interest rate you used to qualify for the loan today will still be the same when the loan closes.

The recent decrease in home values and the extended time it is taking to process loan requests has a direct impact on when you will be able to lock the interest rate on your loan.  Once your title search and appraisal has been completed and reviewed, you will be able to lock at the current interest rate available.

Once these requirements are met please contact our Real Estate loan department to request a rate lock.  The interest rate will be guaranteed provided you provide all documentation, information, and certifications requested.  You must satisfy all loan approval conditions in a timely manner in order to allow us adequate time to process and fund the loan within the lock period.