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I applied for a mortgage loan and my lender denied my application. What can I do?

You should request an explanation from your lender as to why your application was denied. The lender is required to provide you this explanation in writing if you request it, and must to give you copies of the credit score upon which the denial was based.

Don’t be discouraged. Another lender may approve you for a loan. 

In addition, you may want to examine your credit by obtaining a credit report at no cost to you if you have not already done so to make sure there are no mistakes. You may also want to talk to a U.S. Department of Housing and Urban Development (HUD)-approved housing counselor who can help you evaluate your ability to pay for a mortgage loan.