What If Your Mortgage Commitment Letter Expires Before Your Closing Date?

Oct 23, 2017

With your mortgage commitment letter in hand, you're all set to close on a home—then something goes awry. Perhaps it's a new construction and the builders are behind schedule, or maybe the sellers need to change their closing date. In any case, the endgame gets pushed back beyond the expiration date of your mortgage commitment letter. Yikes! So is an expired mortgage commitment letter a deal breaker?


You'll be happy to know that it's not uncommon for a mortgage commitment letter to expire before you actually sign the mortgage papers. But to make sure your deal doesn't go off the rails, here's what you need to know in the event that this happens to you.

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