Lock and Look Mortgage Program

Lock In Your Mortgage Rate For Up to 90 Days

Shop confidently for your dream home without worrying about rising rates.

Lock and Look Mortgage Program

We understand homebuyers are facing a competitive real estate market between low inventory and rising rates. That's why we've introduced a limited-time Lock and Look mortgage program where you can lock in your interest rate for up to 90 days1 while you look for your new home.

Getting your mortgage through Affinity means you can shop confidently for your dream home without worrying about rising rates—all with no lender fees, competitive mortgage rates, and personalized guidance and advice.

How It Works

  1. Get pre-approved by submitting your application online or by contacting a Mortgage Loan Officer.
  2. Lock in your rate for up to 90 days. Plus, if interest rates drop during your lock period, you can request the lower rate1.
  3. Shop confidently for your dream home knowing you're getting the best rate.

Get Pre-Approved

Plus, Earn Cash Rewards with HomeAdvantage®

Affinity has partnered with HomeAdvantage to help you search, buy, sell, and save on your next home2. By taking advantage of the Lock and Look Mortgage Program and HomeAdvantage, you can shop confidently and earn Cash Rewards! 

Start Your Search

View property listings, recent sales data, demographics, schools, crime statistics and more.

Connect to an Experienced Agent

When you're ready, we can connect you to an experience real estate agent in our network of hand-picked professionals.

Earn HomeAdvantage Cash Rewards

When you use one of the agents in our network, you can earn an average of over $1,600 in Cash Rewards!

Explore HomeAdvantage

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 home3. 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 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 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. 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.

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 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.