Since mortgage interest rates are constantly changing, we offer the option of "locking-in" a current Visions Federal 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 loan amount you qualify for today will still be the same when the loan closes.
You can lock-in an interest rate and discount points if you:

        Supply us with a purchase and sale agreement on the property you want to buy.

        Submit a completed Visions Federal Credit Union loan application.

Already found a home?
Then you should consider locking in your interest rate.
You have two choices:

         Lock In at time of application:
 The interest rate can be locked for periods of 120 days.

       30 Days for a 30 Year Fixed and 40 Year Fixed,

        Lock In at time of approval:

      The interest rate can be locked for periods of 120 days.

      30 Days for a 30 Year Fixed and 40 Year Fixed

* Interest rate will be guaranteed provided members provide Visions Federal Credit Union with all documentation, information, and certifications requested. Members must satisfy all loan approval conditions in a timely manner in order to allow Visions Federal  Credit Union adequate time to process and fund the loan within the lock period.