News Detail

LLCU Lock Before You Look Mortgage Special

5/13/2024 Cayla Hittmeier

Rate Lock Blog Image.jpg

For a limited time only, LLCU is offering a "Lock Before You Look" mortgage loan special. With this special promotion, you will be able to LOCK-IN your pre-approved mortgage loan rate on either a 15-year or 30-year fixed rate mortgage. Plus, for a limited time, we are offering REDUCED mortgage loan rates on those two types of loans. See those reduced rates below.

15-YEAR FIXED RATE 6.60%6.09%
30-YEAR FIXED RATE6.89%6.51%

What is a LOCK-IN Rate?

A lock-in rate protects you from the potential of rising interest rates during your home buying process. Your rate will not change between the offering and closing, as long as your closing is within 90 days of loan pre-approval.

How does it work?

  1. Apply for your LLCU mortgage loan.
  2. Lock your rate for up to 90 days.
  3. Start looking for your new home.
  4. Once your offer is accepted, you’ll be all set for a fast closing with no rate hike surprises!

Call to speak to an LLCU Mortgage Loan Officer to get started with the Pre-Approval process today at 1-844-222-7788.


*APR=Annual Percentage Rate. APRs listed are accurate as of 5/13/24.

The following is an example of a loan amount of $75,000 and an estimated property value of $100,000:

30-year fixed rate mortgage at 6.51% APR, payment schedule would be 359 payments of $467.90 at an interest rate of 6.375% with a minimum down payment required of 5% of home purchase price. (If an escrow account is required or requested, the actual monthly payment will also include amounts for real estate taxes and homeowner’s insurance premiums).

Promotional discounted rate only valid on in-house LLCU 15- and 30-year mortgage loans applied for, and pre-approved, during the promotional period of May 13, 2024 – July 3, 2024. Interest rate and availability may vary based on the borrower’s representative credit score and underwriting guidelines for pre-approval. The lock-in rate is available for 90 days after pre-approval. LLCU does not guarantee that an applicant will be pre-approved or that a closing can occur within a specific timeframe. All closing timeframes may vary based on all involved parties’ participation in closing process. LLCU is not responsible for delays incurred by outside parties. Membership not required for loan pre-approval. Programs, rates, terms, and conditions are subject to change without notice. Other qualifications, terms, and fees may apply. Contact an LLCU MLO for details. NMLS ID: 412587. LLCU is an Equal Housing Lender.


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