240-DAY RATE LOCK (7)-1

 

DISCLAIMER DETAILS

ATLANTA

*SHORT-TERM LOCK: Your rate may be locked between 10 and 75 days. There is no fee for the rate lock, but the longer the lock, the higher the rate. LONG-TERM (Extended) LOCK: You can lock a rate for up to 240 days giving you the comfort of knowing what your interest rate is when you close. The extended lock option would be available upon Foundation Excavation on new Fischer Homes purchased after or upon May 1, 2022. The extended lock option is available for select Fischer Homes only, please inquire with your Fischer Homes Sales Counselor on the availability of a long-term extended lock. The extended lock option has an upfront fee of 1% of your principal loan amount. If Victory Mortgage does not receive the fee within 24 hours, the request for an extended lock will be canceled. The upfront fee will be refunded when your loan closes. If the loan is withdrawn or the loan is denied prior to closing, the upfront fee is forfeited. If the extended lock expires and you relock within 30 days of expiration, your rate will be the higher of the then current market rate or the original lock. Your rate is determined by your credit score and the amount of down payment in relation to your principal loan amount at the time of lock but may change for the better or worse if your score changes significantly when your information is re-verified just prior to closing. If you decide to make more or less a down payment after lock-in, the rate and or points may also adjust based on FNMA/FHLMC loan level price adjustments. If you change loan programs or terms such as from a 30-year to a 15-year loan or a fixed rate to an ARM, your rate will be the higher of the rate at the time of the original lock or the current rate at the time of the loan program change. Rate Lock Program is available at your own risk. Please see a Victory Mortgage representative and the written terms & conditions for complete details.

CINCINNATI

*SHORT-TERM LOCK: Your rate may be locked between 10 and 75 days. There is no fee for the rate lock, but the longer the lock, the higher the rate. LONG-TERM (Extended) LOCK: You can lock a rate for up to 240 days giving you the comfort of knowing what your interest rate is when you close. The extended lock option would be available upon Foundation Excavation on new Fischer Homes purchased after or upon May 1, 2022. The extended lock option is available for select Fischer Homes only, please inquire with your Fischer Homes Sales Counselor on the availability of a long-term extended lock. The extended lock option has an upfront fee of 1% of your principal loan amount. If Victory Mortgage does not receive the fee within 24 hours, the request for an extended lock will be canceled. The upfront fee will be refunded when your loan closes. If the loan is withdrawn or the loan is denied prior to closing, the upfront fee is forfeited. If the extended lock expires and you relock within 30 days of expiration, your rate will be the higher of the then current market rate or the original lock. Your rate is determined by your credit score and the amount of down payment in relation to your principal loan amount at the time of lock but may change for the better or worse if your score changes significantly when your information is re-verified just prior to closing. If you decide to make more or less a down payment after lock-in, the rate and or points may also adjust based on FNMA/FHLMC loan level price adjustments. If you change loan programs or terms such as from a 30-year to a 15-year loan or a fixed rate to an ARM, your rate will be the higher of the rate at the time of the original lock or the current rate at the time of the loan program change. Rate Lock Program is available at your own risk. Please see a Victory Mortgage representative and the written terms & conditions for complete details.

COLUMBUS

*SHORT-TERM LOCK: Your rate may be locked between 10 and 75 days. There is no fee for the rate lock, but the longer the lock, the higher the rate. LONG-TERM (Extended) LOCK: You can lock a rate for up to 240 days giving you the comfort of knowing what your interest rate is when you close. The extended lock option would be available upon Foundation Excavation on new Fischer Homes purchased after or upon May 1, 2022. The extended lock option is available for select Fischer Homes only, please inquire with your Fischer Homes Sales Counselor on the availability of a long-term extended lock. The extended lock option has an upfront fee of 1% of your principal loan amount. If Victory Mortgage does not receive the fee within 24 hours, the request for an extended lock will be canceled. The upfront fee will be refunded when your loan closes. If the loan is withdrawn or the loan is denied prior to closing, the upfront fee is forfeited. If the extended lock expires and you relock within 30 days of expiration, your rate will be the higher of the then current market rate or the original lock. Your rate is determined by your credit score and the amount of down payment in relation to your principal loan amount at the time of lock but may change for the better or worse if your score changes significantly when your information is re-verified just prior to closing. If you decide to make more or less a down payment after lock-in, the rate and or points may also adjust based on FNMA/FHLMC loan level price adjustments. If you change loan programs or terms such as from a 30-year to a 15-year loan or a fixed rate to an ARM, your rate will be the higher of the rate at the time of the original lock or the current rate at the time of the loan program change. Rate Lock Program is available at your own risk. Please see a Victory Mortgage representative and the written terms & conditions for complete details.

DAYTON

*SHORT-TERM LOCK: Your rate may be locked between 10 and 75 days. There is no fee for the rate lock, but the longer the lock, the higher the rate. LONG-TERM (Extended) LOCK: You can lock a rate for up to 240 days giving you the comfort of knowing what your interest rate is when you close. The extended lock option would be available upon Foundation Excavation on purchase of new Fischer Home. The extended lock option is available for select Fischer Homes only, please inquire with your Fischer Homes Sales Counselor on the availability of a long-term extended lock. The extended lock option has an upfront fee of 1% of your principal loan amount. If Victory Mortgage does not receive the fee within 24 hours, the request for an extended lock will be canceled. The upfront fee will be refunded when your loan closes. If the loan is withdrawn or the loan is denied prior to closing, the upfront fee is forfeited. If the extended lock expires and you relock within 30 days of expiration, your rate will be the higher of the then current market rate or the original lock. Your rate is determined by your credit score and the amount of down payment in relation to your principal loan amount at the time of lock but may change for the better or worse if your score changes significantly when your information is re-verified just prior to closing. If you decide to make more or less a down payment after lock-in, the rate and or points may also adjust based on FNMA/FHLMC loan level price adjustments. If you change loan programs or terms such as from a 30-year to a 15-year loan or a fixed rate to an ARM, your rate will be the higher of the rate at the time of the original lock or the current rate at the time of the loan program change. Rate Lock Program is available at your own risk. Please see a Victory Mortgage representative and the written terms & conditions for complete details.

LOUISVILLE

*SHORT-TERM LOCK: Your rate may be locked between 10 and 75 days. There is no fee for the rate lock, but the longer the lock, the higher the rate. LONG-TERM (Extended) LOCK: You can lock a rate for up to 240 days giving you the comfort of knowing what your interest rate is when you close. The extended lock option would be available upon Foundation Excavation on new Fischer Homes purchased after or upon May 1, 2022. The extended lock option is available for select Fischer Homes only, please inquire with your Fischer Homes Sales Counselor on the availability of a long-term extended lock. The extended lock option has an upfront fee of 1% of your principal loan amount. If Victory Mortgage does not receive the fee within 24 hours, the request for an extended lock will be canceled. The upfront fee will be refunded when your loan closes. If the loan is withdrawn or the loan is denied prior to closing, the upfront fee is forfeited. If the extended lock expires and you relock within 30 days of expiration, your rate will be the higher of the then current market rate or the original lock. Your rate is determined by your credit score and the amount of down payment in relation to your principal loan amount at the time of lock but may change for the better or worse if your score changes significantly when your information is re-verified just prior to closing. If you decide to make more or less a down payment after lock-in, the rate and or points may also adjust based on FNMA/FHLMC loan level price adjustments. If you change loan programs or terms such as from a 30-year to a 15-year loan or a fixed rate to an ARM, your rate will be the higher of the rate at the time of the original lock or the current rate at the time of the loan program change. Rate Lock Program is available at your own risk. Please see a Victory Mortgage representative and the written terms & conditions for complete details.

NORTHERN KENTUCKY

*LONG-TERM (Extended) LOCK: You can lock a rate for up to 240 days giving you the comfort of knowing what your interest rate is when you close. The extended lock option would be available upon Foundation Excavation on new Fischer Homes purchased after or upon May 1, 2022. The extended lock option is available for select Fischer Homes only, please inquire with your Fischer Homes Sales Counselor on the availability of a long-term extended lock. The extended lock option has an upfront fee of 1% of your principal loan amount. If Victory Mortgage does not receive the fee within 24 hours, the request for an extended lock will be canceled. The upfront fee will be refunded when your loan closes. If the loan is withdrawn or the loan is denied prior to closing, the upfront fee is forfeited. If the extended lock expires and you relock within 30 days of expiration, your rate will be the higher of the then current market rate or the original lock. Your rate is determined by your credit score and the amount of down payment in relation to your principal loan amount at the time of lock but may change for the better or worse if your score changes significantly when your information is re-verified just prior to closing. If you decide to make more or less a down payment after lock-in, the rate and or points may also adjust based on FNMA/FHLMC loan level price adjustments. If you change loan programs or terms such as from a 30-year to a 15-year loan or a fixed rate to an ARM, your rate will be the higher of the rate at the time of the original lock or the current rate at the time of the loan program change. Rate Lock Program is available at your own risk. Please see a Victory Mortgage representative and the written terms & conditions for complete details.