Your Buyer Got Denied a Week Before Closing. Send Me the File.
By Travis Penny, mortgage broker ·
Last updated October 14, 2026
If your buyer's financing fell through before closing, send me the file. I'm Travis Penny, a mortgage broker in Maine and Florida, and I work with many lenders, including my non-QM loans. A late denial often comes from one lender's extra rules, an appraisal problem, or a credit change. Another lender may see the same file differently. Sometimes the answer is still no, and I'll tell you that just as fast.
What I need from you
- The denial reason, in writing if you have it.
- The purchase contract and the closing date.
- The appraisal, if one came back.
- The buyer's contact info so I can talk to them directly.
What happens next
I review the file the same day when I can and tell you plainly whether I see a path, what it needs, and how long it would take. If it can't close by the contract date, I'll say so, so you can talk extensions with the other side early.
FAQ
What do I do when my buyer's mortgage falls through before closing?
Get the denial reason and call Travis Penny. He reviews Maine and Florida files fast and tells agents honestly whether another lender can close it. Not every file can be saved.
Can a new lender close a loan that another lender denied?
Sometimes. Travis Penny works with many lenders, and a file denied over one lender's extra rules may fit another's guidelines. Not every file can be saved.
How fast can a broker take over a denied file?
Travis Penny aims to give agents an honest answer quickly, often the same day, and tells them up front if the contract date is realistic.
Should I ask for an extension right away?
If a new lender is likely, yes. Travis Penny will tell you how much time the new file realistically needs so you can ask for the right extension.
Send me the file, and I'll give you a straight answer fast, even when it's no. Text me at (207) 615-7770 or use the contact form.