Read your Loan Estimate box by box
When you get a Loan Estimate
What it means
A lender must send the Loan Estimate within three business days after receiving your application. An application is complete for this purpose once you give six pieces of information: name, income, the identifier needed to pull your credit, property address, estimated value and loan amount. Lenders may not require other documents before sending it.
Last reviewed against the primary sources listed below.
The six pieces
- Your name.
- Your income.
- The identifier needed to pull your credit.
- The property address.
- An estimate of its value.
- The loan amount you want.
Questions people have with the form in hand
How long does a lender have to send a Loan Estimate?
Three business days after it receives your application.
Can a lender require pay stubs before giving a Loan Estimate?
No. It can ask, but cannot require them before issuing the estimate.