Loan declined because bedrooms in basementHello, I recently had a loan declined because the home was unusual in the fact that both of the bedrooms were in a daylight basement. Both bedrooms have egress windows and are up to code, but there were no comparable houses that sold in the past year with this sort of set up. The house is really nice compared to the other houses in the price range, but this silly regulation caused my loan to get denied. My broker talked with a few other lenders who also said the same thing. There is one bank who said they can probably make it work, but I am wondering if this would be a very unwise idea to buy the house if this bank is willing to finance it? I assume this will be an issue when I try to sell the home later on down the line. I like this home much more than anything else on the market, and I have already put in about a grand with the inspection and appraisal, so part of me wants to go through with the deal if I can, but my brain is telling me that it would not be a smart decision. Any thoughts would be greatly appreciated. Thanks!March 26 - Moscow0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.