Attention: For full functionality of this site, it is necessary to enable javascript. Here are the instructions to enable javascript in your web browser.
If you are unable to enable javascript, you can access the Sitemap.

Skip to main content

Lock & Locate

Published on Friday, June 10, 2022
Estimated read time: minutes
Content last updated on Friday, June 10, 2022

Buying a home or relocating is a very exciting time. However, it can also be very stressful. CapEd is here to alleviate some of that stress with not only an amazing team of mortgage loan officers but with our Lock & Locate Program.

Lock It In

Lock & Locate allows buyers to lock in the current market rate for up to 6 months to find their perfect home. Want to customize your home and build? There’s an option to lock the current rate for a year if you're building a home.

Location, Location, Location

Lock & Locate requires a 1% down payment to lock in your current market rate. That 1% deposit is yours to use once you find the perfect location to call home and it can be applied toward your down payment or closing costs. CapEd's Lock & Locate Program also allows a one-time "float down" option to be used within 60 days of closing or rate expiration, if rates drop.

Bright Future

Unfortunately, we can't predict what rates or the housing market is going to do. What we can offer is some certainty during this next step in your financial future. To get started, you just need to be a CapEd member.

Not a member yet? No need to worry, check out our membership qualifications and apply today!

House Hunter

Purchasing a home is a big investment. Whether you are a first-time home buyer, buying your next home, buying a vacation house, or an investment home, our Mortgage Loan Officers are here to help you every step of the way. Let us help you find the best mortgage option for your financial situation.

Ready to get started on your house hunt? Contact a CapEd Mortgage Loan Officer today!


All loans subject to approval. Rates listed are base rates. Rates, terms, and conditions may change without notice and may vary based on creditworthiness, qualifications, loan amounts, and collateral conditions.

A fee equal to 1% of the loan amount is required at the time of the rate lock and is credited towards closing costs at the time of closing.

  This icon designates a link that leaves CapEd's website and takes you to a site we do not control. CapEd has provided this link for your convenience, but does not offer, and is not responsible for, the products, services, or overall website content available at this third-party site. CapEd's privacy policy does not apply to the linked website; you should consult the privacy disclosures on the linked site for further information.