How to back out of purchase w financing contingency

[Account Closed]

Looking for advice from any mortgage professionals.. I need to get out of a purchase contract which is only subject to a financing contingency at this point.  I basically changed my mind due to recent personal life developments.  I have been conditionally approved and provided recent bank statements proving the down payment. Can I notify the lender that I no longer wish to use these monies for the down payment which will make me ineligible for the loan? Or that I plan to quit my job and relocate? Does updated verbal information from the borrower change the loan approval? I need a loan denial letter

[Dustin Allen]

@Account Closed

Unfortunately, “changing your mind” is not covered by a financing contingency. You are obligated to work diligently to get the loan that you specified in the contract. If you still qualify for the financing, you will be required to perform the contract. If you want out, you typically will have to walk away from your deposit at this point.