Home > Personal > Personal Lending > Mortgage > Mortgage Resources > Glossary > Firm Commitment Firm Commitment November 9, 2021 A lending institution’s agreement to give a loan to a specific borrower on a specific property.You Might Also Like: Living QuartersSpring Maintenance Checklist for Your Home All Things CommunityHoli-days of Giving 2022 Everyday MoneyGiving Back During the Holiday Season Living QuartersYour Top Mortgage Questions Answered Living QuartersHow to Understand Mortgage Language