Check your contract you signed, but most agents include a clause that says you are buying contingent upon getting mortgage financing acceptable to you (such as at a certain rate, or type of loan) and the commitment within a certain time period (standard 45 days but can be shorter).
A commitment does take a while and it's really just contingent on the property and you providing the bank what you said you would at the time of application. Local bank? I wouldn't worry too much about it.
Stay on top of your lender - it's taking banks longer and longer to issue commitments.
My lender(bank) says it can give me commitment letter only after it gets the contract and appraisal of the property, and my lawyer said after signing the contract, I have to put downpayment check in the escrow account. So, I am worried if something goes wrong with mortgage, my check can be lost as the lawyer if there are problems from buyer's side, the downpayment check is confiscated.
I have DU underwriter's findinds page from the bank and a confirmation email that I am approved but no commitment letter? Is it ok?
Having this in your hand now (do not wait to get a contract) will make you the best buyer out there.
Make sure it is issued by the lender and not the mortgage broker...GET IT NOW!!!
It is only a problem if your lender is saying they cannot provide you any sort of approval letter or document prior to your making an offer, if that is the case it raises red flags with the seller, making them leary of accepting your offer, and I would suggest you find another lender to talk to and get pre-approved with full review of income and credit.