Reasons for bank rejection of mortgage application

Matar Al-Shammari

Learn some of the reasons why a bank might reject your mortgage application

(before the down payment is paid)

1- The bank rejects your mortgage application if you have a high salary deduction ratio and exceed the allowed percentage.

2- The bank rejects your mortgage application if you have a high salary deduction ratio and exceed the allowed percentage.

2- The bank rejects the mortgage application because the location of the land or housing unit is unsuitable.

3- The bank rejects the mortgage application due to the existence of default and suspension of services on the customer.

4- The bank rejects the mortgage application due to the existence of default and suspension of services on the customer.

4- The bank rejects the mortgage application due to working in a private sector that is not accredited by the bank.

5 - The bank refuses mortgage financing if the customer has real estate financing such as land.

5 - The bank refuses mortgage financing if the customer has real estate financing such as land.

6 - The bank rejects the mortgage application if the salary is less than 5000 riyals.

7 - The bank rejects the mortgage application if you are not employed and on the job.

8 - The bank rejects the mortgage application if your salary is less than 5000 riyals.

8 - The bank rejects the mortgage if the property is more than 30 years old by the end of the financing.

9 - The bank refuses the mortgage if the property is mortgaged to the Real Estate Fund.

9 - The bank refuses the mortgage if the property is more than 30 years old by the end of the financing.

Real estate consultant

@mnfr10