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What is a Loan Estimate (LE)?
What is a Loan Estimate (LE)?
Jack O'Donohue avatar
Written by Jack O'Donohue
Updated over a week ago

A Loan Estimate (LE) is a form that borrowers receive after applying for a mortgage. It’s 3 pages in length and tells you key details about the loan you’ve requested. The government mandates that all borrowers receive an LE. The form provides information such as the estimated interest rate, the projected monthly mortgage payment and the total closing costs for the loan. If something looks different than what you expected, you should ask why.

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