You might wonder if a borrower can be denied a loan after mortgage preapproval? While mortgage preapproval may help indicate what type of mortgage a borrower may qualify for, it doesn’t guarantee final approval for a loan. Many factors can impact what ultimately happens with a mortgage.
For example, a consumer might be denied a mortgage if the borrower waits too long. Their preapproval letter may expire (preapprovals typically are valid 60 to 90 days). Or, if the borrower’s finances change or don’t ultimately match what was provided to obtain the preapproval letter, the borrower may be denied.
Getting preapproved for a mortgage can be a smart step for borrowers looking to purchase a home. Some sellers might require it, or it may help borrowers understand what types of loans they qualify for before making any offers or making a decision outside of what they can afford. Check out below to see what home is currently listed for sale in Steeplechase in August 2025:
50702 Amesbury Drive, Novi: 4 bedrooms, 3.1 bathrooms, 3,543 sq. feet, 3 car garage, Listed Price: $1,050,000
Steeplechase Home Listed for Sale
August 2025
For more information on Steeplechase, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.