Carrington Mortgage Services, LLC (CMS) is pleased to announce the market conditions that led to temporary suspensions of some lock terms and exception requirements have been resolved and effective Monday, June 22, 2020 CMS will resume following our normal rate lock policy. As a reminder, CMS generally offers 15-day, 30-day, 45-day, and 60-day lock terms. Lock terms and requirements may vary by loan product and state -- see rate sheets for details. The standard minimum lock terms outlined below.
|Conventional||Government Streamline||Government Full Doc|
|Milestone||Minimum LockTerm||Minimum LockTerm||Minimum LockTerm|
|Final Conditions In||15||15||15|
|Clear to Close||15||15||15|
Please contact an Account Executive with any questions.
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Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00