*The interest rate is locked for 90 days while the borrower shops for a home. The borrower must submit a home loan application and be approved by SCU. Once the borrower has obtained a fully executed contract, he/she can relock if rates are lower (one time during the processing period) or keep the 90-day rate if the current rate is the same or higher for 60 more days. All locks will be priced at the daily SCU published “Rate Guard” rates. SCU credit and underwriting guidelines apply. Rate Guard can be utilized for owner-occupied purchases only with a maximum loan-to-value of 80% and a maximum loan amount of $453,100 (valid until December 31, 2018). Effective January 1, 2019, the maximum loan amount will increase to $484,350. FHA, VA and Reverse Mortgage loans are ineligible for the Rate Guard program. This program is subject to change or cancellation without notice.