Loan amount—preapproval request approved but not accepted. What loan amount should be entered if a preapproval request is approved but not accepted and the lender opts to report the transaction?
If the applicant requested approval for a specific loan amount, enter that amount unless the lender approved the applicant for a higher amount, in which case, enter that higher amount. If the applicant did not request approval for a specific loan amount, enter the amount stated on the commitment letter.
