Here’s what to know to avoid your mortgage loan application being denied. Your Credit Score Is Not What You. Cash To Close Escrow Gone are the days of only needing 3.5% with an FHA Loan for example.

FHA loans ; VA loans. What to do when your mortgage application gets denied.. It would be horrible if you get all the way to closing and you have the moving truck out front and now you can.

She is now scrambling to find another lender for VanOstenberg. Although VanOstenberg-Smith met the income requirements of the FHA loan, she said the bank told her she was denied because of how she.

USDA loan denied.now what? My credit scores are on the low side but I was pre-approved & pre-qualified. I put in an offer on a house, signed all the papers and the underwriter denies my loan.. If you have 3.5% to put down FHA might be your best option. Aug 31st 2014. 1. 0. Kathleen Smith.

 · Hud Insured Loan fha annual mortgage Insurance federal housing administration officials announced today that they will reduce the annual mortgage insurance premium for FHA loans by a quarter of a percent. The lower mip rate. underwriters can deny your loan application for several reasons, from minor to major.

FHA tried to open the housing market to more potential buyers but sometimes borrowers simply can’t afford the house they want to buy right now. Extra scrutiny of high-risk loans should separate..