First of all this in itself should not be a show-stopper. Surely you have applied for a mortgage with more than just one company. You should have done this to increase the competition between different lenders and always make sure you tell them that you will be applying with more than one lender.

If a lender denies a mortgage the question is was it denied for credible reasons or did you fail to meet specific criteria that you could have met with more thorough preparation of the loan documentation?

If there are fundamental reasons for the denial of you credit (for example you declared bankruptcy in the last 7 years)  you must expect other lenders to come to the same conclusion. If on the other hand you just failed to clarify some points (bank statements, income verification etc.) you can re-submit the application with the additional information and you can make sure that you submit complete information to other lenders.

There are lenders that will lend money to people with less than perfect credit. Keep in mind that a loan of that type will be associated with a greater risk by the lender and he will want to be compensated for taking that greater risk. The compensation will come in form of a higher interest rate. So in this light it is important to pay attention to one’s credit score as it can translate into hard Dollars when it comes to obtaining a mortgage.