Extended Rate Lock
Get a buffer against rate volatility while building your home.
Flexible use
Ideal if you're purchasing a spec home or builder-financed new construction.
No surprises
Interest rates have been rising, but you'll know exactly what your rate will be.
Peace of mind
Lock your rate for up to 12 months during the construction process.
Your best bet is to start your rate lock when you begin framing your home. If the rate lock expires before construction is complete, we'll work with you to continue your rate lock.
In times of rising inflation, interest rates go up, too. That can make for a lot of uncertainty when you're trying to figure out what your mortgage rate will be as you build your home. Our special Extended Rate Lock program lets you secure your rate for up to 12 months to avoid unwanted surprises.
Consider your Extended Rate Lock options16
120 Days: Free
Long-Term Fixed-Rate Mortgages
- 6-Month: 0.25% over current posted rate
- 9-Month: 0.375% over current posted rate
- 12-month: 0.75% over current posted rate
Adjustable-Rate Mortgages
- Up to 12 Months at 0.50% over current posted rate
Fox Communities Credit Union is a full-service, not-for-profit financial institution serving members throughout Eastern Wisconsin, including Appleton, Green Bay, Oshkosh, Manitowoc, and Milwaukee.
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All extended rate lock options (with the exception of the 120 days lock) require a non-refundable lock fee of $750. Must meet eligibility requirements by submitting an application with full supporting documentation. Signed offer to purchase executed by all parties. One-time float down option (within 60 days of closing) if rates drop. Other conditions may apply.