Good day Eric,
Absolutely. But.....don't you love the butts?
The new Lender will see exactly what the other lender saw that made you not qualify. Have a chat with the 1st lender that could not fund the loan. Ask them if you can fix the issues and return to them for a loan. They worked hard for you and you should thank them for their efforts.
Some items are fixable such as a slightly low credit score, a bill that was not paid, inappropriate asset to dept ratio, etc. Some items are not fixable without the magic of time such as missed payments, late payments, loss of income, SHORT SALE, BANKRUPCY, charge offs, etc.
I recommend that you do not pay a Lending Company or Loan officer any money until they have qualified you for a loan and you are ready to fund. The only funds that should leave your hands before closing is the appraisal fee. That goes directly to the appraisal company.
Ask the Realtor that you are working with for a recommendation of a Loan Officer. A Mortgage Broker will have many more options than a Bank or Credit Union. The Mortgage Broker may charge higher fees, but .....you got the loan and can enjoy your new home.
Please contact me immediately if you know a person that cannot make their mortgage payments. I will work with them to avoid foreclosure or bankruptcy at no charge or fees to them.
Steven Goldman, CRS
Certified Short Sale Professional (CSP)
GRI, ABR, SRES, CNHS, PM, CCI
Realty One Group
Las Vegas, NV 89135
Web Site: http://www.teamgoldman.info