FHA & VA allow for a "Change in circumstance" for example you are moving, changing jobs requiring new location, new school, enlisted military, divorce, other life circumstance outside of your control.As far a penalty due to no intention as using from the start of the application.

I would also check with the credit reporting agencies to see exactly who pulled the credit report and I would speak to the lender to see what  your mom put on the application.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Are you getting showings, but no applications?

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

So, few days ago, I received a notice that the application is denied.

When you apply for conventional financing on the next property, one of the questions you will be asked is, "Are there any debt obligations that you are responsible for that are not disclosed in this application?"

The Howey test is still somewhat applicable for determining if the sale of a business interest is a security or a business opportunity .  

Talking about it not working in some applications.

I am working on applications for 3 college students.