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Yes. Read the fine print, it probably says either "conditional approval" or "subject to change" or is based on a given situation or criteria that has changed. For example, if your income was stated at $4000/month but was verified at $3500/month or some credit item that was previously unknown becomes known, it may invalidate an approval.

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Q: Can a bank approve a home loan in writing then disapprove?
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Can a loan processor approve a home loan?

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