Commitment Letter
A commitment letter is a lender's formal written promise to fund a mortgage, issued after underwriting approves the loan.
What Commitment Letter means
Stronger than a pre-approval, the commitment letter confirms the loan is approved subject to final conditions like a clear title and current pay stubs. Sellers view it as solid assurance the deal will close.
Florida example
A buyer in Naples presented a commitment letter to the seller, who accepted the offer over a competing buyer who had only a pre-qualification.
What it is
A commitment letter is the lender's formal promise to fund your loan. It comes after underwriting approves your file, often with a few final conditions.
It is a strong sign your loan is nearly done.
Why it matters
A commitment letter gives you and the seller confidence the deal will close. It is stronger than a pre-approval.
We push your file toward a firm commitment. Reach out and we will get you there quickly.
Verify the details for your own situation against these government and agency sources: IRS ITIN overview and CFPB non-QM explainer.