Contract draft before financing commitment?

Hello everyone,

A few weeks ago, after years of searching, we finally found our dream house (affordable!), and now it's really getting started.
The topic of house purchase and financing was originally planned with our house bank, the Sparkasse, but we now have to realize that there are much better conditions out there. The DKB Grund gave us the best offer, Hannoversche + KfW. We have now submitted all documents, but in order for the financial advisor to actually send the application to Hannoversche, I have to provide the notarized contract.
If I now commission the notary with the contract draft, costs may arise in the worst case (financing refusal), since the notary already incurred expenses.
Without a contract draft, however, I cannot submit a loan application. A vicious circle? The lady from DKB says this is usual. She had of course reviewed our documents and sees no problems so far, but the binding approval is only the contract from Hannoversche.
Does anyone have experience with this?

A financing rejection does not mean that you cannot get financing. Luckily, there are hundreds of different providers. In the worst case, you just go to the next bank and the contract draft is slightly rewritten.

"Vice versa," it can be the same. You go to the bank and have financing, an appraisal of the house, notary costs, etc. Shortly before, the seller cancels, and then you also have a lot of paperwork and costs that arise. Although the whole scenario is rather unlikely. I just want to point out that it almost doesn’t matter how you handle it in the end – you can always do it wrong.

Hello,

it's about a draft purchase agreement that you should also review. so all good!

What is the trend regarding the financing? Feasible? Then I wouldn't worry. Otherwise, the house can also be sold elsewhere.

It was the same with me, the contract draft had to be available. If your regular bank would also finance it, the risk is manageable.

You have to die one death. What should the fun even cost?

Hello dear ones,

Thank you very much for the appropriate answers. Yes, financing is feasible, yes the house bank would also finance (of course under different conditions), and the very nice and competent lady from the financial brokerage said already that in the worst case we will inquire about another loan. We have now set everything in motion, you have to face it somehow, very fitting comment as soon as the draft contract from the notary is there, the loan application will go out. Excitement is rising!!!!

By the way: if all else fails and no bank wants to finance us, meaning the certification appointment does not take place, we owe the notary 1800 euros + VAT....