Streamlined Rate Lock
Arbor offers Streamlined Rate Lock (SRL) which provides a fast and flexible fixed-rate option for borrowers interested in
the ability to manage interest-rate risk by locking the entire rate, not only the Treasury index or spread. This flexibility
along with an expanded delivery tolerance and limited breakage fees makes the SRL the fastest loan product available in
|Maximum Term of Rate Lock||Up to 180 days.|
If loan amount has been reduced at the time of delivery:
|Eligible Loans||No size limit; Conventional, Coops, Manufactured Housing Communities, Small
Loans, Structured Transactions, Affordable, Seniors, Student Housing and
Dedicated Student, Green Rewards, and Green Building Certification.
|Minimum Good Faith Deposit||
|Breakage Fees||Good Faith Deposit (for full break by borrower)|
|Preliminary Underwriting Requirements||
No prescribed set of preliminary underwriting requirements; the lender makes
the decision to rate lock based on its own determination of when it has sufficient
preliminary underwriting information.