MORTGAGE RESCUE
Don't Start Over Until We Look At The File
When mortgage challenges arise, experience matters. Our team takes a careful look at the complete situation to determine whether options may still be available. With more than 30 years of mortgage experience, we help borrowers understand potential solutions and the steps that may help them move forward.
When Mortgage Rescue May Help
Mortgage Rescue is designed for situations where a loan was moving forward but encountered a problem that now threatens the transaction.
Common scenarios include:
- A loan was declined after initial approval
- Underwriting identified additional conditions
- The lender changed program eligibility requirements
- Credit, income, or documentation issues surfaced
- The transaction is approaching closing with unresolved concerns
- Communication breakdowns created delays
- A borrower was told there are no remaining options
Before you assume the deal is dead, let our team review the file.
Four Mortgage Rescue Paths
Every situation is unique, which is why we offer several rescue solutions depending on the circumstances of the transaction.
Builder Rescue
When a new construction transaction encounters financing challenges, delays can affect buyers, builders, and project timelines. We review the file to determine whether another financing path may help keep the transaction moving forward.
Realtor Rescue
When a buyer's financing falls through late in the process, real estate professionals need responsive solutions. We work closely with agents to review available options and help preserve transactions whenever possible.
Borrower Rescue
Some borrowers are denied due to documentation issues, credit concerns, income changes, or program limitations. A second review may identify alternative mortgage solutions that better fit the borrower's qualifications.
Lender-to-Lender Rescue
When a file needs to be transferred from another lender, we can evaluate the situation and determine whether a new financing path may exist based on current program guidelines and eligibility requirements.
What We Review
Our team performs a comprehensive review of the mortgage file to identify potential opportunities that may have been overlooked.
Areas we may evaluate include:
- Loan program eligibility
- Income documentation
- Credit profile considerations
- Asset verification
- Debt-to-income calculations
- FHA and VA financing options
- Manual underwriting opportunities when permitted by program guidelines
- Existing documentation that may still be usable
All loan approvals remain subject to underwriting review and program requirements.
Call Open House Lending Before You Start Over
A denied loan or financing setback does not always require beginning the process from scratch. We review each situation individually to determine whether another eligible lending solution may be available. In certain circumstances, previously completed work may still be useful.
For example, when an appraisal qualifies for transfer under applicable lender and investor requirements, the appraisal may be eligible for use by a new lender. This may help reduce duplicate costs and save valuable time during the transaction process. Appraisal transfers are subject to applicable guidelines and are not available in every situation.
Don't Give Up on the Transaction
The earlier a file is reviewed, the more opportunities may be available to explore alternative financing solutions. Whether you're a borrower, builder, real estate professional, or lender seeking another option, Open House Lending is ready to provide experienced guidance and personalized support.
Contact Open House Lending Today
Speak with an experienced mortgage professional and receive a same-day response to discuss your situation and potential next steps. Open House Lending helps borrowers, builders, Realtors, and lending professionals find solutions through experience, responsiveness, and personalized service.
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