Financing in Cincinnati>Question Details

Davisfam25, Home Buyer in Cincinnati, OH

do it take 30-40 days to receive a commitment letter. i was preapproved for 225,000

Asked by Davisfam25, Cincinnati, OH Sun Nov 4, 2012

Help the community by answering this question:


30-40 days would be common to obtain a "loan commitment" once you have an accepted purchase offer on a home. If you have any other questions, please don't hesitate to contact me.


Chris Gerke
Ownerland Realty
513-673-7074 Cell
Web Reference:
1 vote Thank Flag Link Sun Nov 4, 2012
It do take that long in some cases....
0 votes Thank Flag Link Mon Nov 26, 2012
Hello Davisfam25,

I just answered your other question. 30-40 days for a commitment letter or conditional approval is unfortunately the norm for most lenders. Now with that said, we are not the norm. I am able to offer my clients a conditional approval or commitment letter more often than not prior to you even having a property picked out pending an appraisal once you have a contract. We generally only take about 7 business days to get a conditional approval. We are definitely faster than many other lenders out there today. Again, feel free to contact me.

Joshua Lerette – Sr. Loan Officer
Residential Finance Corporation
0 votes Thank Flag Link Mon Nov 5, 2012
it may it also depends on what type of financing you are using. Are you using a Conventional loan, FHA, USDA or VA?

Each of these different loan products have slightly different requirements and processing times.

If you are not already working with a Realtor, please give me a call, text or email and we can discuss the entire home buying process.

Scott Baker, Realtor

513-227-5897 call or text
0 votes Thank Flag Link Sun Nov 4, 2012
Why do you want a committment letter? Have you put in an offer on a house, and has it been accepted? Do you have an agent?
0 votes Thank Flag Link Sun Nov 4, 2012
Full commitment from going the time of going under contract on a property that sounds normal. A conditional commitment letter should be able to be provided sooner. The earlier it is in the transaction the more loop holes there are in the commitment lettter.
0 votes Thank Flag Link Sun Nov 4, 2012
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