Mortgage Commitment

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    I have another question – Tim ( @ttrumble ) can we get a mortgage commitment before HAND is cleared. Our Closing Coordinator & Real Estate Agent are both debating about it in email. There are required repairs being completed by the sellers and it hasn’t even been a month since they started the repairs. How can we wait that long – we really need that mortgage commitment since all of the bank conditions has been met. What do you think?


    Hello rayofhope,

    Unless I am misunderstanding something, HAND clearance should not be necessary to obtain a mortgage commitment. We do not require HAND clearance to submit the bank app, so it should have no effect on getting the commitment from the bank.

    HAND clearance is of course required before we can determine a final loan amount and Clear to Close can be given, but the loan commitment itself should not be an obstacle.

    Tim Trumble
    Online Operations, NACA


    Thank you so much, Tim! We just received the mortgage commitment letter today. We are so happy and can’t wait till our closing date!!!!!!!!!!!


    What was before receiving the Mortgage Commitment. Should i get the homeowners insurance ASAP or right before closing?

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