Until you have signed all of the documents at closing and been given the keys, your loan can be denied at any time.
A true "Pre-Approval" should only be given after an underwriter has reviewed your file. Due to 2010 RESPA changes, most lenders quit issuing Pre-Approvals a couple of years ago. You were most likely Pre-Qualified instead of Pre-Approved.
You should have been given a reason on exactly why your loan was denied.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyle Renovation | VA | USDA | GA Dream | Jumbo Financing