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Thursday, January 7th, 2021

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Posted by: | Posted on: January 7, 2021

Our Home Buyer Wasn’t Approved for a Loan-What Now?

If you’re selling a home, it’s always exciting when a buyer makes an offer that you accept. Although this is a major milestone on the march toward closing, there are many points where this deal can go off the rails—like if you find out your home buyer wasn’t approved for a mortgage.

If you find yourself in this situation, you could be thinking all hope is lost. But it turns out there are a few paths you can still take. Here’s what the experts say is likely to happen, and what you can do if you want to salvage the deal.

Why home buyers aren’t always approved for a mortgage


First, let’s talk about why a home buyer might not be approved for a loan. It’s recommended that buyers talk to a mortgage lender before they even start home shopping and get pre-approved, meaning they find out how

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