no fax cash loans? First, pre-approval and loan approval are two different things. Pre-approval is conditional; income verification, credit, debt ratio, appraisal, etc. So once you had a home under contract the actual approval process began. Closing delays happen. I just hope there is a closing extension signed by the buyer and seller, otherwise the seller does not have to close. Talk to your landlord and offer 1 month’s rent to stay a little longer. Unless the landlord has someone ready to move in, he should agree.