How long does it take to get to get a commitment letter from a lender?

Question

We were pre-approved and then approved through the automated system. How long does it take to get the commitment from the lender? All we've been told is that we're closing at the end of the month.

Answer 1

The final commitment comes just before closing. Don't fib or fudge and don't make any big expeditures between now and the closing date.

Answer 2

As soon as you get all the required (acceptable) documentation to the lender they should be able to give you a commitment letter.  The fact that you have been told you are closing at the end of the month is a good sign, but not always an accurate answer by some lenders.

Answer 3

You will not get a commitment letter until your loan has been underwritten & you have a clear to close on the loan. A clear to close is when all conditions have been met & satisfied by the underwriter.