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Can I change lenders after I've been approved?

I've already been approved for an FHA loan but I'm not having a good experience with my lender. Can I switch without it affecting my approval? by helger424 from Fulton, South Dakota. Mar 5th 2021 Reply


Yes, you can. If your' mortgage application is moved from one lender to a different lender, the first lender needs to release and transfer the FHA case number to the second lender.

Mar 5th 2021
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Yes you can .www.mypreapproval.com

Mar 5th 2021
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 4,296 contributions

Yes, there is nothing preventing you from changing lenders. I do a lot of FHA financing. I lend in South Dakota, and I am in St Paul, MN. Find me at JoeMetzler.com - (651) 552-3681. Cambria Mortgage, NMLS 274132

Mar 5th 2021
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Bert Carpenter (BertCarpenter)
#37 ranked lender in Arizona - 2,236 contributions

Just to be clear. If you change lenders, your original approval is void. However, it is extremely rare for a borrower to be approved, change lenders and then be declined. If you are not having a good experience, go ahead and start the process to select your new lender. Let them know that you were working with X lender, you are not happy with the experience. Your new lender will walk you through the process of getting the appraisal transferred (if you already had one done). It should be pretty painless to make the move. Good luck to you. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.

Mar 5th 2021
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