The application and approval process is not black and white.
Lender requirements can seem onerous and arbitrary, and are often not flexible.
Since the housing crisis, the information required by lenders has become more extensive and rigid. This is an ongoing source of frustration for borrowers. Recognize that it’s not personal, but rather the result of years of sloppy lending. Borrowers are now at the mercy of a bureaucracy’s strict rules that must be followed, including some that seem over the top. Quickly providing your lender with whatever is being asked for will make your life easier.
The exact documentation required for an application will vary according to your particular situation. For example, the income information needed from a salaried employee, a partner in a small law firm, or the owner of a chain of retail stores would be very different. Your lender should be able to provide you with a customized list of required documentation as soon as you are ready to move forward.