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Updated almost 3 years ago,
Lender about to decline my loan
I recently refinanced my primary home and switched it into a conventional loan after living there for a year. I had also refinanced a prior house that I purchased in 2016 into a conventional loan. I currently have a property under contract in Georgia. We're schedule to close on this loan on 3/10/2022. The lender just called to tell me that they are suspending my application because they realized I refinanced my property as an owner occupied and not an investment loan. Lender wants me to convert the loan into an investment loan but I'm unable to raise the 25% down payment. I may lose my earnest money if this deal falls through. I need help asap to find another lender who can close this for me. Your suggestions are welcome.