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2nd Opinion: Don't Let One "No" Stop Your Home Buying Journey


Contrary to media reports suggesting a slow real estate market, people are still actively buying and selling homes in Southern Indiana and beyond. However, the journey is not without its challenges, particularly when it comes to securing financing. For veterans, these hurdles can be even more daunting. In a recent discussion with Brad Sea of Kentuckiana Mortgage Group, we delved into why it's crucial to seek a second opinion if you've been declined for a mortgage.

To see our full interview, click on the video below:

The Problem: Not All Lenders Are Created Equal

Brad Sea points out a significant issue: not all lenders are created equal. Many prospective homebuyers face rejection from their first mortgage application and feel disheartened. However, one "no" should not be the end of your home buying journey.

Common Issues That Could Keep You From Getting Qualified

Brad mentioned in our offline discussion that there are legitimate issues that could keep you from getting qualified for a mortgage. Getting declined for a mortgage doesn't happen in a vacuum and there are often specific reasons why lenders might be hesitant to approve your mortgage application. Understanding these can better prepare you for success in your subsequent attempts. Here are some common issues that could stand in your way:

Low Credit Score

A credit score below the lender's minimum requirement can be a significant obstacle. Some lenders are stricter about credit score requirements than others.

High Debt-to-Income Ratio

Lenders look at how much debt you have compared to your income. A high ratio might make them think you won't be able to manage your mortgage payments.

Inconsistent Employment History

Stable employment gives lenders confidence that you'll be able to meet your monthly payments. A history of frequent job changes or gaps in employment can be a red flag.

Insufficient Down Payment

Many lenders require a minimum down payment to approve a mortgage. If you can't meet this requirement, your application might be declined.

Property Issues

Sometimes it's not you but the property that's the issue. If the lender's appraisal values the home much lower than your offer, they might decline your mortgage.

Lack of Residency

For certain mortgage programs, especially those aimed at veterans or first-time buyers, residency or citizenship can be a requirement.

Why Get a Second Opinion?

Different Lending Criteria

Different lenders have different criteria for approving mortgages. What might be a deal-breaker for one institution could be less critical for another.

Specialized Programs for Specific Groups

Some mortgage groups specialize in serving particular communities, such as veterans. Brad Sea's Kentuckiana Mortgage Group is one such organization that aims to make financing easier for veterans.

Case Studies: Success Where Others Failed

Brad has helped numerous individuals secure a mortgage after being declined by other lenders. His team takes a personalized approach to understand your financial situation and explore options that other lenders might overlook.


Being declined for a mortgage can be disheartening, but it doesn't have to be the end of the road. The key takeaway is to seek a second opinion. Experts like Brad Sea are out there, ready to help you explore all your financing options. Don't let one "no" deter you from the path to owning a home.

The Realtors at the 812 Living Group are prepared to assist you during your homebuying season. That includes offering you in-depth research, recommending an excellent team of local professionals, negotiating on your behalf, and helping you make a winning move towards your dream home.


If you have questions about buying or selling a home in Southern Indiana or you'd like to know what your house is worth in the current market, message us at


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