Can Lenders Delay Loan Estimates For Additional Information?

Once you have supplied these 6 facts to a lender, the clock is started for them to return a Loan Application within 3 business days:

  • Loan Amount
  • Estimated Property Value
  • Property Address
  • Your Name(s)
  • Your Social Security Number(s)
  • Your Income

Lenders are free to collect additional information based on their loan application processes, but are not free to change the 3 business day deadline.  Once these 6 facts are accepted in an application, lenders are required to respond on time.

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