What happens if you cancel contract and back out of FHA Loan after case # assigned?Thinking of canceling versus denial so we can clear up an item on credit report and to save more. No official denial yet, but wondering if it makes a difference. Right now we are manual underwrite.May 01 2012 - US00YesReport 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.