What Can I Do If My Application for a Mortgage Is Denied?
Updated 21 days ago (March 6, 2026)
You have several options:
Find Out the Reason for Your Rejection Before Re-Applying. Two common reasons for being denied a loan are poor credit scores (or a lack thereof) and insufficient income.
Check Your Credit Report for Errors. An error on your credit report can prevent you from qualifying for better loan rates and terms or from qualifying for a mortgage. Before you shop for a new mortgage lender, you should review your credit report and resolve any errors that you find. It is a time consuming process that is best started before the application process. Once errors are corrected, your credit score should be updated after a few days.
Ask Lenders If They Anticipate Any Problems. Speak with a lender's representative to learn what documents and other qualifications they require before you fill out another application.
Pay Off Other Debts That May Influence Your Credit Evaluation. Lenders will check your total monthly debt payments prior to issuing you a new loan. In order to increase lenders' confidence in your ability to repay, you should reduce your outstanding debts.
Financial Disclaimer: Tellus provides this content for informational purposes only. This is not financial advice. Financial returns and mortgage terms vary based on individual circumstances and market conditions. Consult a qualified financial advisor before making financial or borrowing decisions.