How quick can I get a commitment from a lender

[Account Closed]

Hello BP! I’m I new investor in the Minneapolis / St. Paul, Minnesota (Twin Cities) market. I just submitted a purchased agreement to buy my first duplex and the seller responded accepting with the added condition that I provide a commitment from a lender at least 5 days before closing. I am pursing a first time home buyer conventional mortgage. I have excellent credit, a high paying steady W2 job, low debt to income, and I prequalified for >$100k more than the selling price of this property. I expect the property will appraise well relative to my purchase price. My question is, would it be reasonable to expect that I can get a written commitment from a lender by the end of the month? Thanks BP!!!

[Tim Swierczek]

@Account Closed I'm guessing you are working with a lender already I would ask them.  This is a 5 week month so it should work.  This depends on the exact day.  For example, you mention you need it by the end of the month.  Does that mean you close in February?  Or are you closing end of the month and chopping a week off of that?  Lenders work in business days so you should be conscious of that.  As a MN Lender, a commitment by 1-31-18 would be easy assuming the lender is able to start right away and there are no crazy issues with the title or house.