What is the impact of insufficient funds on the member's qualification?

Insufficient funds can indeed delay the qualification process for a member seeking a loan. When a member does not have enough funds, particularly for aspects such as down payment or closing costs, it can introduce complications that require additional evaluation or the need for further documentation. Lenders typically look for adequate financial resources to ensure that the borrower can manage their payments and other associated costs. Therefore, if the funds are insufficient, the lender may need to gather more information, request alternative financial proof, or alter the timeline, all of which can lead to delays in the overall qualification process. This highlights the importance of demonstrating sufficient financial resources as part of the qualification for obtaining a loan.