My lender said I could get financed, but now I cannot

Why did my lender say I can get financed, but now tells me I cannot?

Today Kristin LaVanway and Dean Ouellette of the East Valley Team answer the question why did my lender tell me I could get financed, but now says I cannot?

The most likely reason is the lender did not do a proper qualification on your, or if they did, there was some information in your file that either was inaccurate or has changed since they first talked to you. Most often from our experience the problem stems from the lender either not doing a full qualification or missing information when they interviewed you.

The initial information the lender takes from you can get them started, but until they pull all the information and submit it to underwriting they may not know for sure. Hopefully they really did a through interview with you.

Thanks to Sasha Lopez (Slo), for fitting us into her schedule.

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  1. [...] estate market we are now experiencing.  SO MANY DEALS ARE CANCELLED during the escrow period  due to financing difficulties, multiple offers or inspection problems, that many homes come back on the market for a 2nd or 3rd [...]

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