Hey Folks –

I went through the wholes process and was planned to close & fund today for a 30 year fixed loan @ 3.5%.

The loaner broker I’m working with (found him via Zillow) told me yesterday that he made an error with the application and inadvertently locked in the wrong loan program, so he can’t honor the rate.

Questions I have are;

How likely is it that mistakes like this happen and don’t get noticed during underwriting and a lock extension ?

What are my options for recourse ?

Mistakes happen, but in this case the way they dealt with my lock extension, clearly there’s something else going on, am just no sure what.

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