What to Do If Your Mortgage Application Is Denied

While the home buying process has gotten more streamlined and easier in recent years, there are still many moving parts and potential points of frustration. As a first-time buyer, it’s possible you might be denied a loan—even if you get pre-approved. 

When this happens, it can be easy to get discouraged. However, there are many reasons a mortgage application can be denied, so do not give up hope. Instead, review your reasons for denial to help better your odds for approval.

Why a Mortgage Application Might Be Denied

Issues involving your credit score can certainly be a big part of why a mortgage application is denied, but that alone isn’t a make-or-break point of contention. Mortgage underwriters also consider: 

What to Do When Your Mortgage Application Is Denied 

The silver lining to these reasons for application denial is that they can be spot-fixed with some diligence and time. If you’re coming up short on any of your mortgage qualifications, you can start a plan that includes: 

Professional Mortgage Application Services

If you’re worried that your mortgage application may be denied, don’t fret. The professionals at Butler Mortgage can help you take a closer look at your financials and advise on next steps. Once you’re approved, our team can help you navigate the mortgage process and secure desirable rates that fit your budgetary needs.

Let Butler Mortgage help you find the right loan solution for you. Call us today at 407-931-3800 or fill out our free consultation form online.

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