Federal rules require it within a few business days of your application. It shows the loan amount, interest rate, monthly payment, estimated closing costs and the cash you need to close, in the same layout at every lender.
Why it matters
Because every lender uses the same form, it is the easiest way to compare offers line by line. Later, the Closing Disclosure should match it closely, and the rules limit how much some fees can change.
Where you meet it
Right after you apply. Keep it, and bring it out again when the Closing Disclosure arrives.
Planning to buy?
A free 15 minute call with Laurie. No credit check, no obligation.