Mortgage Rate Lock Protection & $500 Closing Guarantee

Looking for a new home?  Don't worry about rising rates with Mortgage Rate Lock Protection & $500 Closing Guarantee from P1FCU!

You can shop for your dream home and we will protect your rate until you find the one.  You will have peace of mind knowing that market fluctuations won't affect your timing.  Our rate lock protection provides you with 90 days of security to shop in the case mortgage rates increase.  And if they go down?  You benefit then too.  Here's how it works:

Rate Lock Protection for 90 Days 

Locked in rates, lower fees, local people. Let's Mortgage!
Contact one of our mortgage loan officers to see if you qualify or APPLY ONLINE NOW!

Call Us At : 208-746-8900 or 800-843-7128     Email Us At : mortgageapps@p1fcu.org
For Mortgage Appointments Contact : Valerie Dickenson 208-848-2117 or vdickenson@p1fcu.org

 

*Mortgage Rate Lock Protection locks your initial interest rate for up to 90 days on Conventional fixed-rate purchase loans. Your exact interest rate will depend on the date you lock your rate. Once you submit your signed purchase agreement, we’ll compare your rate to our published rates for that date and re-lock your interest rate at the lower of the two rates. We will also check the published interest rate approximately 10 days before your closing date and compare. If rate is lower at that time, you will receive that rate. P1FCU 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 P1FCU. This is not a commitment to lend. Additional conditions or exclusions may apply.

**$500 Mortgage Closing Guarantee is based on the mortgage loan closing date provided in the original sales contract. This guarantee is only available on Conventional fixed-rate purchase mortgage loans with closing dates set for a minimum of 30 days after the original purchase contract is signed. Fully executed purchase contract must be received within 24 hours of mutual acceptance . Loan closing date is subject to receipt of completed application and required supporting documentation. Requested supporting documentation must be provided within 24 hours. Loan closing is subject to underwriting approval. Closing guarantee is not applicable if: 1) borrower changes loan products or terms; 2) closing is delayed due to seller’s failure to close on time; 3) borrower fails to meet contract requirements; 4) closing is delayed due to a third party requirement, including appraisal and inspection; 5) closing date is not included in the contract; 6) closing is delayed due to inclement weather or natural disaster; 7) loan documentation or application contains fraudulent information. P1FCU reserves the right to amend, terminate or withdraw this offer at any time without prior notice. Guarantee is paid in the form of a $500 credit on the settlement form at closing.