Introduction

A lock is an agreement between the borrower and the lender that guarantees an interest rate will be available for a set period of time. During this time period if interest rates increase HomeLoan USA will honor the lower rate, but if the interest rates decrease the borrower must honor the original rate. HomeLoan USA cannot renegotiate locks. Therefore we recommend that you watch the market and carefully consider the best time to lock your loan.
 

How It Works

You will be able to lock your loan once we have reviewed your application. A HomeLoan USA Loan Advisor will contact you and explain to you the details of locking your loan. Lock periods are 30, 60, and 90 days in length. Your loan must fund within the time period that is established.