All home lending products are subject to program eligibility, collateral requirements, and credit review and approval. Upon loan approval, a membership eligibility account must be opened with a minimum deposit of $5.

¹ The Lock & Look Program allows you, our member, to lock in your interest rate for up to 90 days while you search for your home². Your exact interest rate is determined on the date that you lock in your rate, as new rates are published daily. You will have up to 60 days to close once Affinity Federal Credit Union receives a signed purchase agreement; additionally, if the published rate is lower on receipt of the signed purchase agreement, you may be eligible for a one-time float-down option³. To take advantage of the one-time float-down option, please contact your Mortgage Loan Officer to request the rate adjustment and confirm eligibility. Time from rate lock to closing may not exceed 150 days Any mortgage loan that does not close within 60 days of Affinity’s receipt of the signed purchase agreement OR extends past 150 days from initial rate lock, may be subject to an extension fee. Contact your Mortgage Loan Officer for detailed information regarding any fees. Please note, exercising the float-down option does not change the original lock-in period or expiration date. Affinity Federal Credit Union makes no guarantee that a lower rate will be available upon receipt of the signed purchase agreement. Affinity Federal Credit Union reserves the right to cancel this offer at any time. Acceptance of this offer constitutes the acceptance of these terms and conditions, which are subject to change at the sole discretion of Affinity Federal Credit Union. This is not a commitment to lend. Rates, program terms, and conditions are subject to change without notice. Other restrictions and limitations may apply.

² Home is defined as a 1-4 family owner-occupied primary or secondary residence.

³ Float-Down Options: Members may elect to “Float Down” their interest rate after the initial rate lock request to the current published rate. The member needs to request the float down option while the rate is published and cannot request a rate that has changed. This is a one-time free option offered as a courtesy. The member must request this float down option in writing prior to final underwriting/clear to close.