FAQ Content
Loans may be locked once a fully executed purchase agreement or construction contract and a valid property address or legal description are obtained. All SAM rate locks will follow a 75-day lock period, and this applies to both the first mortgage and the SAM second mortgage. Pricing adheres to KHC’s published rate sheet at the time of lock, and no extended term lock premiums are offered beyond our standard policy. If the loan cannot close within the 75day lock period, lenders may request an extension consistent with KHC’s standard extension policy.
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