Sample Mortgage Loan Rejection Letter Format

Sample Mortgage Loan Rejection Letter Format

[These are sample Mortgage Loan Rejection Letter Format. These Letters are to inform the client that Mortgage loan request has been rejected and objections. You can modify this format as your requirement.]

To,

Client name…

Client Address…

Subject: Letter to inform about the decline of mortgage application

Respected Sir,

We regret to inform you that your application for the mortgage loan to our (Bank/financial institute name) has been declined. The reason for this decline is that you do not meet the required criteria. (show actual problem and situation).

You had applied for the mortgage loan in our (Bank/financial institute name) on (Date) for an amount of (Amount of money) using your residential property located at the above-mentioned address. We have a team of inspectors who inspect and evaluate a property after an individual applies for a mortgage loan. Our inspectors had also inspected and evaluated your residence and they found the value to be around (Amount of money) which is much lesser to the loan amount that you have applied for. Thus we feel sorry that we will not be able to grant the requested loan amount. In case if you wish to apply for a lesser loan amount you can please contact us at (Contact no.)

Yours Sincerely,

Authority name…

(Bank/financial institute name)

 

Another format,

Date…

Client name…

Client Address…

Subject: Letter to inform about the decline of mortgage application

Dear Mr./Ms. XYZZ,

Further to your recent loan application, this is to advise you that we will not be able to extend credit to you at this time. (show actual problem and situation).

After a thorough review of your application and the supporting documents you supplied, we have concluded that your current financial situation precludes this institution from extending further credit to you at this time. When your financial picture changes and your current level of risk-exposure becomes lower, we would be happy to reconsider your application.

On behalf of (Bank/financial institute name), I thank you for your ongoing business and trust that we will continue to serve you in the future.

If you have any questions about the details of your loan application review please feel free to contact me at (Contact no.)

Yours truly,

Authority name…

(Bank/financial institute name)