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Rate Assurance

Rates fluctuate all the time. They go up, they go down. You no longer have to worry about waiting for the right rate. Lock in with eLEND today and you’ll be backed by our Rate Assurance.

How It Works

Lock in today and know our Rate Assurance has you covered.

If rates move down 0.25% or more prior to your lock expiration (or closing, whichever occurs first), you are eligible for a free float down to that market rate.

Call us at 1-800-634-8616 to lock in your rate today.

Monitoring Current Pricing & Steps to Take

If your current rate lock* with eLEND is more than 0.25% higher than the rates listed on eLEND please contact your loan officer to inquire about a Rate Assurance float down.

eLEND’s Rate Assurance program is not available for 5/1, 7/1, or 10/1 adjustable rate mortgages or non-conforming jumbo loans.

*Rate comparison calculation will be based on same loan program, rate, fee, and lock period from the day of lock to market rates posted on the eLEND site. Please note lock expiration date will remain the same. A float down will lower the rate and is not a new rate lock with a new lock period. Rates depicted above are based on a rate and term refinance with 75% LTV, NJ based $300,000 loan with a 740 minimum qualifying credit score documenting income to qualify. This is not a commitment to lend.

Lock in Your Mortgage Interest Rate