Eligibility

Requirements

You must not use the Streamlined Rate Lock Streamlined Rate LockOptional process permitting a Rate Lock before completing full Mortgage Loan underwriting, per Part IV, Chapter 3: Streamlined Rate Lock. option for

• ARM Loans ARM LoansMortgage Loan with an interest rate that periodically adjusts based on an Index per the Note or Loan Documents. , and
• SARM Loans.