How long is my loan approval and rate good for?
Loan approvals are typically good for 60 days after the date of application. Rates vary by product:
- Fixed-Rate Loans such as personal loans and auto loans rates are good for 60 days after the date of application
- Variable Rate Loans/Lines of Credit such as our home equity lines of credit, overdraft lines of credit and credit cards are subject to change at any time before or after funding.
- Mortgage Loan rates 'float' until you are ready to lock it in. At the time of lock-in, you will choose the time frame for the rate lock. The standard rate lock options are 30 days, 45 days, 60 days and 90 days depending on your loan.