

Why in only 2 months my pre approval changed so much
Im a first time home buyer, because of suggestions, i decided to get a pre approval from my bank wells fargo, my 1st pre approval was given on 05/2026, it was $266k , purchase price $280k, down $14k.
2 months later my pior pre approval expired with same numbers as before no underwriting, the wells fargo loan officer came up with mortgage amount $240k, purchase price $280k, down $40k !, loan officers logic was its because of the new rate.
I told them to cancel my pre approval, going with other lenders , probably a broker, because im not putting down $40k lol.
Anyone know why in only 2 months time my down is so much more and mortgage amount less?, my numbers are the same in 1st and last pre approval.