No commitment date? Hmm, how about no time frame to complete inspections! How about no closing date!
Yeah, why not wait until the mortgage lender decides to get around to processing and committing the loan and then we will close maybe in 60 or 90 or 180 days. Enough time for the interest rate lock to run out so maybe a higher one can be charged.
The Buyer's movers will come whenever they want to, but it won't matter because they will have to wait until the Seller decides they feel like moving out. Pay your taxes when you want, not when they are due.
We work on schedules, to accommodate realistic time frames.
Obviously a mortgage broker who feels we should not have commitment dates is not goal oriented, is not concerned about anybody else's time frame, and his reliability and credibility must be questioned. Now there may be times when commitment dates may not be realistic and if that is the case then don't take the application.
When the mortgage people I deal with give a commitment they stand behind and close it. They are credible, can and do commit and close FHA loans in 30 to 45 days and sometimes quicker and I am happy to recommend them. They help my and my Buyer's transactions go smoother and make my life easier.