Post-Lock Changes
Post-Lock Changes
Common questions about adjusting a loan after the rate has been locked. All post-lock changes to loan terms should be submitted through the Change of Circumstance process — see the Change of Circumstance article for the submission steps.
If the loan-to-value (LTV) changes after lock, does the borrower keep the original pricing?
Yes — but only if the takeout investor stays the same. If the LTV is adjusted while retaining the same takeout (for example, Fannie Mae Purchase Money to Fannie Mae Purchase Money, or Freddie Mac to Freddie Mac), the loan retains the pricing from the original lock date. If the takeout investor is changed (for example, from Purchase Money to Purchase Held, or from Fannie Mae to Freddie Mac), the loan must be re-locked at current market pricing.
How do I increase a concession after the loan has been disclosed or locked?
Increases to a concession after disclosure are handled through the Change of Circumstance process. Submit a support ticket through the Pylon AI Support Tool with the file number and the requested new concession amount. The updated concession will be reflected in a redisclosed Loan Estimate.
Can a rate be renegotiated after lock if the market improves?
Rate renegotiations after lock are not a standard policy today.
How do I request a lock extension?
Submit a support ticket through the Pylon AI Support Tool with the file number and the requested new expiration date. Lock extensions are priced per day (see the Products, Pricing, & Locks article for the current per-day cost). If the delay was caused by Pylon, Pylon will cover the cost of the extension.
What happens if a lock expires on a weekend or holiday?
Locks that expire on a Saturday, Sunday, or federal holiday are treated as expiring on the next business day. A paid extension can also be requested if additional days are needed to close.