There is a lengthy list of issues which can delay approval of any mortgage loan. Here's a sample of common issues which borrowers encounter:
* Problems with income verification
* Unknown / undisclosed credit damage
* Underwriting requests for additional documentation
* Appraisal problems; under-value or repair issues
There are likely a dozen or more issues which might delay the closing ---or kill a sale altogether. This is why you need a skilled Realtor to help you navigate the obstacles.