Switching lenders at the last minute

[Page Huyette]

Hi new here, and have had real estate investments off and on since 1999. I'm purchasing a single family as a primary residence with the intention of turning it into a rental in a few years--until then it will be owner-occupied. My pressing question: I'm using an fha loan which has already been approved and is awaiting the appraisal. Tried to go the usda rd route but the new ratios won't allow it.

I've just been approved through my credit union for 0% down option with different terms. The question isn't what is the best loan (still researching that) but what are the repercussions (other than noses bent out of shape) for shifting gears in the last inning and going to another lender. Can I keep the same title co.? Anyone have any experience in this and know what will happen if I open this can of worms?