Once you find a house and make an offer or refinance your existing mortgage, if you’re eligible for One Day Mortgage we’ll get you your commitment letter within 24 hours of locking your rate. This lets you worry less if you’ll get the deal.
After you finish pre-approval, we can see if you qualify for One Day Mortgage. If you do qualify, you’ll receive an email and see banners in your Ally Home dashboard.
If you qualify for One Day Mortgage, you’ll receive an email after completing your pre-approval process and also see banners within your Ally Home dashboard. Then, after locking a rate, you’ll see a new One Day Mortgage tasks page in your Ally Home dashboard. You’ll be assigned approximately 3-5 personalized tasks to complete within 4 hours of rate lock.
Common tasks include:
Provide employer details and upload paystubs
If assets required, upload bank statements
May need to explain random addresses or credit inquiries on the credit report
Once you lock in your rate, you have to upload your required financial information within 4 hours.
The property needs to be your primary residence for the following types:
Planned unit development (PUD);
High rise condominium
One Day MortgageTM is exclusively licensed from Better Mortgage Corporation. Terms and Conditions apply.
Ally Bank, Member FDIC; Equal Housing Lender , NMLS ID 181005