All home lending products are subject to program eligibility, collateral requirements, and
credit review and approval.
Program terms and conditions subject to change without notice.
1. The HomeAdvantage program is a feature available to members by third party provider, CU
Realty Services. Program Cash
Rewards are awarded by CU Realty Services to buyers and sellers who select and use a real estate
agent in the
HomeAdvantage network. Home buyers or sellers are not eligible for the Cash Rewards if they use
an agent outside this
network. An Affinity Federal Credit Union mortgage is not a requirement to earn Cash Rewards.
Cash Rewards amounts are
dependent on the commissions paid to the agent. Please allow up to 45 days after closing for a
credit. Rewards can be
paid in the form of a check at closing or as a credit to closing costs, depending on loan terms
and conditions. Cash
Rewards incentives are available as applicable by state law; however, are void where prohibited
by law or by the lender.
Please consult with your credit union representative for additional details of the program.
2. The Lock & Look Program allows you, our member, to lock in your interest rate for up to
days while you search for your home3. Your exact interest rate is determined on
you lock in your rate, as new rates are published daily. You will have up to 60 days to
once Affinity Federal Credit Union receives a signed purchase agreement; additionally, if
published rate is lower on receipt of the signed purchase agreement, you may be eligible for
one-time float-down option4. 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
not close within 60 days of Affinity᾿s receipt of the signed purchase agreement OR
past 150 days from initial rate lock, may be subject to an extension fee. Contact your
Loan Officer for detailed information regarding any fees. Please note, exercising the
option does not change the original lock-in period or expiration date. Affinity Federal
Union makes no guarantee that a lower rate will be available upon receipt of the signed
agreement. Affinity Federal Credit Union reserves the right to cancel this offer at any
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
Other restrictions and limitations may apply.
3. Home is defined as a 1-4 family owner-occupied primary or secondary residence.
4. 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
down option while the rate is published and cannot request a rate that has changed. This is
one-time free option offered as a courtesy. The member must request this float down option
writing prior to final underwriting/clear to close.
5. $500 cash bonus/reward offer is available to first−time home buyers only when you
complete the required
qualifying criteria. You are considered a first−time home buyer if you have never
home or if you have
not been an owner in a primary residence for at least three years leading up to your
To qualify you
must 1) Open or already have an Affinity checking account and an Affinity savings account;
2) Enroll in
autopay for your mortgage payments to be automatically deducted from your Affinity checking
$500 bonus/reward cannot be used to pay any costs related to your Affinity mortgage loan and
will be deposited account rates may vary, fees could reduce earnings. Affinity may issue you
form 1099−MISC, or other
appropriate forms reporting the value of the cash reward/bonus. This offer is subject to
termination at any time