Hi Melody -
A decision by underwriting that they cannot approve a loan is not necessarily the end of the line. Often, it may be a signal that there are things that need to be addressed before the loan can be approved. For example, they may require further documentation of income or you may need to reduce your monthly debt-to-income ratio before the loan can be approved. Your loan officer can help you work through these and try to find solutions to the concerns raised in underwriting, so that the loan can still be approved. Hope he's able to do that in your case.