How long does it take to get a mortgage commitment letter?

Written by shauna zamarripa
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A mortgage commitment letter is the final step in a mortgage approval process. After you have been pre-qualified or preapproved, a lender will thoroughly evaluate all of your financial and credit documentation before issuing a commitment to grant you a loan. Commitment letters can also come with conditions that you need to meet before closing on the loan. The process can take several weeks.

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You will need to complete the application using the forms supplied by the lender. The lender will review your application and income documents and forward them to the underwriting department for verification.


Most underwriting departments require two weeks to review documents before issuing a decision. After the review, the buyer will need to sign disclosure statements and return to the underwriting department.

Time Frame

Commitment letters can take up to six weeks to receive. You can expedite the process by providing your lender with all requested paperwork in a timely manner.


A mortgage commitment letter is required before closing on a property. Without such a letter, you cannot finalise a contract on any home you would like to purchase.


Many mortgage commitment letters will have conditions that the buyer must meet in order to close on a property. Most commonly, these conditions include requirements that you provide copies of recent pay stubs and that a lender re-evaluate your credit history before the closing.

Expert Insight

A mortgage commitment letter is not a guaranteed assurance that you will be able to close on a home. It is important that you respond quickly to all lender and loan officer requests in order to facilitate an easy closing.

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