Can you get denied after pre-approval?

A home loan can be declined even if you have been pre-approved. For example, if the applicant’s financial situation has changed since they obtained pre-approval or the lender does not find the property to be suitable security for the loan amount applied for.

That said, pre-approval still significantly increases your chances of success in your home loan application. In fact, just over 90% of home loan applicants who have obtained a pre-approval through ooba Home Loans have their home loan applications granted.