Mortgage Loans

In an uncertain housing market, fluctuating interest rates can add to the stress of buying a new home. Get peace of mind by shopping for a mortgage with Apple's Lock & Shop program.

With a traditional mortgage pre-approval, you cannot lock your rate until you’ve found a property. With Lock & Shop, you have the freedom to shop without worrying about rising rates.

A mortgage rate lock is an agreement that a lender will not increase your interest rate for a period, even if rates rise. When you shop for a mortgage with Lock & Shop, Apple will agree to lock in an interest rate and protect that rate for FREE for 30 days.^* Plus, if interest rates drop, Apple will adjust your agreement to honor the new market rate.

Even the smallest interest rate increase can end up costing you thousands of dollars over the course of your mortgage. Our Lock & Shop program lets you breathe easy while you hunt for your dream home.

Speak with an Apple FCU Licensed Mortgage Loan Originator to learn more about how you can take advantage of our Lock & Shop program.

^*Lock and Shop Program (“Program”) will guarantee your initial interest rate for up to 30 days while you shop for a home. To be eligible for the Program, borrower must complete a loan application and be pre-approved for a mortgage with Apple FCU. No property address is required when completing the application. Borrower must supply the fully executed purchase and sales contract within 30 days of signing this agreement. Once received by Apple FCU, the borrower's interest rate will be locked in at the guaranteed rate for an additional 60 days. If interest rates have gone down during the 30-day period, they will receive the lower rate in effect on that day. This Program only applies to home purchases to be funded by Apple FCU using conventional loan programs for single family dwelling units only and excludes second liens, investment properties, refinance loans, renovation loans, nonpurchase money home equity lines of credit, interim construction loans or other temporary financing, loans brokered to or by Apple FCU, loans involving short sales, or any other purchase contract that requires the approval from a third party (e.g., a lender, relocation company, etc.). The Program may be amended or terminated at any time except as to qualified home purchasers with submitted applications prior to the date of the amendment or termination. The Program is not transferable or assignable.