Due to current market conditions, effective March 13, 2020 and until further notice, Carrington Mortgage Services, LLC (CMS) will temporarily suspend offering 30-day locks. CMS will still offer 15-day, 45-day, and 60-day lock terms in accordance with the revised guidelines for available lock terms outlined below.
Loan Type | Available Lock Terms | Additional Requirements |
Non-QM Loans | 45-days | Loan must be Approved |
Conventional/Government Full Document Loans | 45-days and 60-days | None |
Conventional/Government Full Document Loans | 15-days | Loan must have all Underwriting Conditions submitted and sent for Clear to Close |
Government Streamline/IRRRL | 45-days and 60-days | None |
Government Streamline/IRRRL | 15-days | Loan must be Approved |
Please contact your Account Executive or Account Manager with any questions. Carrington thanks you for your business.
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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00