Unless you are buying new construction CTC is usually not issued until a day or two before closing. Often just hours before as in after business hours the night before. Sometimes you can even pass the closing date and get no response from anybody for an extended period of time then all of sudden you find out you have 3 hours to drop what you’re doing get to the bank to get a certified check if you’re buying down interest and then race over to your local office to close.
At the earliest I would expect your CTC tomorrow but more likely Tuesday afternoon.
Now the question becomes is this closing date on your contract or on your closing disclosure? If it’s on your contract then don’t pay attention to that it’s just a guideline. You will need a closing disclosure first and then a CTC and then a final closing disclosure and then a final CTC before the title company is even sent information to draw up the closing documents. That part of the process might take 1 to 3 weeks from closing disclosure to actually closing.
What does the closing date on the disclosure say? Your contract unfortunately does not mean much in terms of deadlines at this stage – it’s entirely up to the bank and whenever they decide works for them, which is often somewhere close to the tentative closing date listed on the closing disclosure – maybe a week or 2 out from that.
@Tara585 I tell everyone that despite the ups and downs and arounds, I would do it all over again in a heartbeat. I was able to upgrades, had the builder add a door to my bedrooom leading out to the backyard and other things. There is no way I would have been able to afford these things without the interest rate buydown and seller assist. I thank God everyday for NACA and my new home! It is worth the headache but my NACA Realtor was also outstanding and new her stuff! I had yet to lay eyes on her and everything was done remote. She even sent me a house warming gift and it was not a small one either! $cha ching$