Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago,

Account Closed
  • Engineer
  • Minneapolis, MN
4
Votes |
20
Posts

How quick can I get a commitment from a lender

Account Closed
  • Engineer
  • Minneapolis, MN
Posted
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!!!

Loading replies...