Your loan application may be disqualified even after you receive an approval if certain events occur.  Prior to origination, if your credit history indicates any of the events below have occurred, then your application will be declined.  

• Your FICO score drops more than 25 points;
• The monthly debt obligations on your credit report increase significantly;
• Any accounts on your credit report that have been in collections in the past 24 months or charge-off’s in the past 18 months; or
• If there is any inquiry or new account on your credit report since the time of the credit report used to determine your rate (not including any inquiries related to a student loan, vehicle loan or mortgage)*.

* Unless you can provide documentation within 48 hours of your decline that the new inquiry on your credit report did not result in a new loan or line of credit.