Had a client back out of a $425k contract in NoDa last Tuesday because their lender fell through.

2 comments

2 Comments

derekp701mo agoMost Upvoted

Last Tuesday in NoDa, that timing is rough. I've seen lenders pull the plug at the last second more times than I can count. Best thing you can do now is get a pre-qual letter from a local credit union before you take another offer. They're usually more reliable than the big online lenders when it comes to actually closing.

lee.cole1mo ago

Yeah, "seen lenders pull the plug at the last second" - buddy of mine had that happen while he was signing papers.