My mortgage lender just informed me that my pre-approval has been rescinded due to a change in my credit score. I'm worried I won't be able to secure financing before my closing date.

{"value":"The lender was a bit vague, but they said my credit score had dropped below their minimum threshold for the loan program I was approved for. They mentioned it was due to a 'recent significant change in credit utilization and new credit inquiries.' They didn't give me an exact number, just that it was no longer sufficient."}

{"value":"My lender checked my credit score as part of the pre-approval process about two months ago. At that time, my score was 760. I haven't personally pulled my credit report since then, but I assumed it would be stable or even slightly improved given my payment habits."}

{"value":"That's what I'm trying to figure out. The car loan is the only new account. I haven't missed any payments on my existing credit cards or student loans, and my balances haven't significantly increased. In fact, I've been trying to pay down my credit card balances to improve my credit utilization."}

{"value":"My closing date is currently set for 45 days from now. This was a tight timeline to begin with, and now with this news, I'm really starting to panic. I've already put down an earnest money deposit and made arrangements for moving."}

{"value":"Yes, I did apply for a new car loan about three weeks ago. I needed a more reliable vehicle and thought it would be okay since I have a good payment history. I was approved for it, and the payments are manageable, but I didn't think it would impact my mortgage pre-approval this much."}

What was the specific reason provided by your lender for the rescinded pre-approval?

{"value":"The lender was a bit vague, but they said my credit score had dropped below their minimum threshold for the loan program I was approved for. They mentioned it was due to a 'recent significant change in credit utilization and new credit inquiries.' They didn't give me an exact number, just that it was no longer sufficient."}

When was your credit score last checked and what was it at that time?

{"value":"My lender checked my credit score as part of the pre-approval process about two months ago. At that time, my score was 760. I haven't personally pulled my credit report since then, but I assumed it would be stable or even slightly improved given my payment habits."}

Have there been any recent changes to your credit report, such as new accounts, late payments, or significant balance increases?

{"value":"That's what I'm trying to figure out. The car loan is the only new account. I haven't missed any payments on my existing credit cards or student loans, and my balances haven't significantly increased. In fact, I've been trying to pay down my credit card balances to improve my credit utilization."}

What is your current closing date?

{"value":"My closing date is currently set for 45 days from now. This was a tight timeline to begin with, and now with this news, I'm really starting to panic. I've already put down an earnest money deposit and made arrangements for moving."}

Have you applied for any new credit recently?

{"value":"Yes, I did apply for a new car loan about three weeks ago. I needed a more reliable vehicle and thought it would be okay since I have a good payment history. I was approved for it, and the payments are manageable, but I didn't think it would impact my mortgage pre-approval this much."}

Mortgage Pre-Approval Falling Through | 顾问 | ZH

💡

Review Credit Report

98%Official

Obtain a copy of your full credit report from all three major bureaus (Equifax, Experian, TransUnion) to identify the exact negative item(s).

🤖 AI Analysis

"The user's lender cited a 'recent significant change in credit utilization and new credit inquiries' as the reason for rescinding the pre-approval. Obtaining a full credit report is the most crucial first step to identify exactly what has changed and if it aligns with the user's understanding (the car loan). This will inform all subsequent actions."

💡

Contact Lender for Specifics

95%Official

Ask your lender for the exact credit score they require and the specific reason for the rescission.

🤖 AI Analysis

"While the lender was vague, getting the exact credit score threshold and a more detailed explanation is vital. This information will help the user understand the severity of the situation and what specific metrics need to be improved. It also provides a benchmark for future actions."

💡

Pay Down Credit Card Balances

90%Official

Prioritize paying down balances on your credit cards to reduce your utilization ratio.

🤖 AI Analysis

"The lender mentioned 'credit utilization' as a factor. The user has a new car loan, which might have impacted their overall credit utilization ratio, even if their payment history is good. Paying down credit card balances is a direct way to improve this metric, which is likely contributing to the score drop."

💡

Avoid New Credit Applications

85%Official

Refrain from applying for any new credit until your mortgage is secured.

🤖 AI Analysis

"The user has already applied for a car loan, and the lender mentioned 'new credit inquiries.' To prevent further negative impact on their credit score and avoid jeopardizing the mortgage closing, it's essential to stop applying for any new credit until the mortgage is secured."

💡

Monitor Credit Inquiries

80%Official

Review your credit report to ensure all inquiries are legitimate and address any unauthorized ones.

🤖 AI Analysis

"The lender specifically mentioned 'new credit inquiries.' While the user knows about the car loan, reviewing the credit report will confirm all inquiries and ensure there are no unauthorized ones that could be negatively impacting their score."

💡

Dispute Errors

75%Official

If you find any inaccuracies on your credit report, dispute them immediately with the credit bureaus and the creditor.

🤖 AI Analysis

"Once the credit report is obtained (Solution 2033), there's a possibility of errors. If any inaccuracies are found, disputing them is a direct way to potentially improve the credit score and resolve the issue."

💡

Request Credit Limit Increase

60%Official

If your credit history is otherwise good, you might consider requesting a credit limit increase on existing cards to lower utilization, but be cautious of hard inquiries.

🤖 AI Analysis

"This solution is less immediately relevant because the user's primary issue seems to be the new credit inquiry and potential utilization change from the car loan, not necessarily a need to increase credit limits. However, if the credit report reveals high utilization on existing cards, this could be a secondary strategy, but it carries the risk of a hard inquiry, which is currently a concern."

💡

Explore Other Lenders

50%Official

Immediately begin shopping for a new mortgage lender who may have more flexible credit score requirements.

🤖 AI Analysis

"This is a contingency plan. While important if the current lender cannot be appeased, it's not the immediate diagnostic step. The user needs to understand *why* their pre-approval was rescinded first before exploring other options, as other lenders might have similar requirements."

💡

Address Delinquencies

10%Official

If the issue is a legitimate missed payment or collection, contact the creditor to arrange payment or a settlement plan.

🤖 AI Analysis

"The user explicitly stated they have not missed any payments and their balances haven't significantly increased, other than the new car loan. Therefore, delinquencies are not indicated as the cause of the problem."

Mortgage Pre-Approval Falling Through

AI Analysis Summary

报告的问题

问题

What was the specific reason provided by your lender for the rescinded pre-approval? (ID: 1984)

When was your credit score last checked and what was it at that time? (ID: 1985)

Have there been any recent changes to your credit report, such as new accounts, late payments, or significant balance increases? (ID: 1986)

What is your current closing date? (ID: 1987)

Have you applied for any new credit recently? (ID: 1988)

识别的原因

近期负面信用活动

信用利用率提高

新的信用查询或账户

贷款人更严格的承保标准

推荐的解决方案

Review Credit Report

Contact Lender for Specifics

Pay Down Credit Card Balances

Avoid New Credit Applications

Monitor Credit Inquiries

Dispute Errors

Request Credit Limit Increase

Explore Other Lenders

Address Delinquencies

权威资源

VA Help To Avoid Foreclosure | Veterans Affairs

mortgage fell thru 72 hours before closing!! help... - myFICO ...

5 preventable reasons pre-approved mortgages get denied ...

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