When you apply for a first-time home loan or to refinance your current home loan, you will be approved for a specific interest rate on your loan.
How do I request an adjustment?
Save money with reduced interest rates Lock your interest rate with confidence, knowing you’ll have the chance to adjust if the opportunity arises No charges, fees or points to use the Float-Down Option – it’s a free benefit we are offering members to support you in the homeownership process
You may only request one Mortgage Rate Float-Down Option per application. This offer is only available for conventional first mortgages. It is not applicable for non-conventional mortgage loans, including VA and FHA, or for home equity or HELOC loans. The program is ongoing, but may be discontinued at the credit union’s discretion.