Extended Rate Locks

NCM offers a variety of extended rate lock programs with different lengths and features such as rate caps with float-down options. Currently, we can provide rate locks up to 540 days in addition to standard rate lock periods of 15, 30, 45, and 60 days. With this flexibility, you can be assured that your qualified borrowers will be happy with the rate when they enter into a contract and will be pleased with the rate at closing. More importantly, there is no cost for our extended rate locks.

Permanent lock options are also available. This program works like our normal locks- you pick the rate and fees and, as long as the borrower qualifies and the home is completed with the lock period, we guarantee to close the loan at the locked rate. Some permanent lock options may require a fee at the time of lock. This fee is applied to the closing costs at the time of closing.