Denied after pre approved

You didn't provide enough information to provide a specific answer, but yes, it is possible to be pre-approved and end up with a denial. Since the first of the year, we have seen significant increases in interest rates. If you were approved at a lower rate, but rates have increased such that your total payments to Income ratio (The DTI) now exceeds the allowable limits, a denial is possible. Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified Mortgage Advisor and Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000 - OR - 480-695-9300.