How long does it take to get a commitment letter for a mortgage?
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Studied at the University of California, Los Angeles, Lives in Los Angeles, CA, USA.
This loan "approval" will be conditioned on an acceptible appraisal, which would usually add 3-5 days to the process. Fully documented loan commitments can be ready with some lenders in about 1 week for conventional loans. FHA loans can usually be underwritten and commitment within about 15 days.May 23, 2007
2023-06-15 18:20:29
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Alexander Reed
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This loan "approval" will be conditioned on an acceptible appraisal, which would usually add 3-5 days to the process. Fully documented loan commitments can be ready with some lenders in about 1 week for conventional loans. FHA loans can usually be underwritten and commitment within about 15 days.May 23, 2007