The RateFlexSM Program requires a small fee at intent to proceed which will be applied to closing costs at settlement. You can float down the rate at no cost and with no further fees one time only. The relock may occur at any time, but no later than 10 calendar days before the closing date. Not available for all programs. This is not a commitment to lend. Program availability and guidelines are subject to change. Contact us for more information.
Long Term Lock
The long-term rate will vary based upon the length of the lock and requires a deposit at application which is applied to closing costs at settlement. If rates fall, the applicant may relock the rate one time within 10 to 60 days of settlement. The long-term lock feature is not available under all programs. This is not a commitment to lend. Restrictions may apply.
No Application Fees (North Carolina & South Carolina)
Does not include third party fees paid to other service providers, such as attorney, title or appraisal fees. Note: McLean Mortgage Corporation does collect a fee at the time of intent to proceed or rate lock for construction loans, extended locks and under its RateFlexSM Program. RateFlexSM provides rate security with the option to move lower if rates fall prior to closing. Relocks must take place at least 10 days before closing. Extended lock and RateFlexSM fees are credited back towards closing costs at the time of final settlement. Not a commitment to lend.
No Lender Fees Charged on VA Loans
Does not include third party fees paid to other service providers, such as attorney, title or appraisal fees.
Veterans Day 2017
Free appraisal offer good for purchases and refinances. Application must be made between November 10, 2017 through December 4, 2017, but the transaction may close at any time within 90 days of application. The applicant will receive a lender credit toward the actual cost of the appraisal at time of closing with McLean. This lender credit may not result in cash back to the borrower at closing. If the transaction does not close after approval, veteran will be responsible for the cost of the appraisal. Not a commitment to lend.