Approval/Commitment FAQ’s

Your mortgage commitment letter is comprised of all the terms that you and your lender have agreed upon. Included will be the approved loan amount and other conditions required by the lender. This is basically your golden ticket to home-ownership!

Your commitment letter becomes available after an underwriter is finished reviewing your application.

A conditional approval means that you have been approved for a mortgage, but still need to provide additional documentation pertaining to your financial situation before closing.

Some items that you may need to provide include (but are not limited to):

    • Employment/income verification
    • Bank statements
    • Asset statements
    • Tax returns

Yes. A commitment letter is Garden State Home Loans’ pledge to you that we will be able to grant a loan if all conditions are met.

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