What percentage of Home Mortgage Loans are denied in the 11th hour right before closing???

Question by stacey: What percentage of Home Mortgage Loans are denied in the 11th hour right before closing???


Best answer:

Answer by 65% water
Very few, although that’s always the fear when you’re waiting for the approval. Any 11th-hour holdup is usually due to underwriting not getting all the paperwork in on time. Your loan officer should be able to tell you exactly where you are in the process, and he’s used to dealing with nervous people!

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