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Question by BoSox2525: How often does a home loan pre qualify approvall get denied at closing time?
I got pre qualified for a home loan, pills my credit and debt to income ratios are good according to my realtor, cialis 40mg how often do you see a pre qual that gets denied, I’m just worried becuase I know how today’s economy is, eventhough it’s getting better… I am applying for an FHA loan
Best answer:
Answer by MadMan
I do not know how often it happens but it does. So, make financing a contingency on the offer you put in for the house.
Good luck.
Know better? Leave your own answer in the comments!
This pre approval needs to be from a Lender not a realtor. Now you feel you have a good credit rating then you should be fine. I am going to be honest 25% of loans that go through underwriting gets denied for the loan you are applying for but that will not mean you will be homeless they will put you in a different program. In underwriting they most likely will want some more documentation such as paycheck stubs, bank accounts, W-2s it is critical that you get these in right away when they ask for these, delay will cause your loan to be lost in the shuffle. BTW ignore these scams on here.