Commitment Letter for Secondary Financing

A commitment letter for secondary financing typically is requested to verify the terms, amount committed, other information associated with the financing. It is a formal offer from a lender stating the terms of the money loaned to the homebuyer.

Documents are typically requested for any financing that creates a lien against a property. In addition to the commitment letter, the customer also may be asked to provide:
  • The final HUD-1 statement reflecting receipt of net proceeds
  • A copy of the note
  • A copy of a payment statement
To avoid delays in processing your loan, please:
  • Make sure the copies you send are legible.
  • Do not include documents that have been altered with correction fluid or by other means.
  • Submit the entire requested document and include all pages (even blank ones).