If a mortgage lender rejects your application, first review the decision letter to identify specific reasons such as credit score, income, debt-to-income ratio, or documentation gaps. Next, request a copy of the loan underwriter’s evaluation and check for errors in your credit report via . If issues exist, dispute inaccuracies with the credit bureaus. Contact the lender to explain extenuating circumstances or provide additional documents, such as proof of stable employment, asset declarations, or savings history. If the rejection persists, shop for alternative lenders, including credit unions or online mortgage companies, which may offer more flexible terms. Consider refinancing later if your financial situation improves.

Rejection often stems from credit score deficiencies or insufficient documentation, as these factors are critical in underwriting. According to the Consumer Financial Protection Bureau (CFPB), 20% of mortgage applicants were denied in 2022, with credit-related issues accounting for 50% of rejections. Lenders use automated systems to assess risk, and even minor discrepancies can trigger denials. For example, a FICO score below 620 significantly reduces approval chances. However, 30% of denied applicants reapply successfully after addressing credit or documentation issues, per CFPB data. Providing补材料 (additional materials) like tax returns, pay stubs, or bank statements can strengthen your case. The Home Mortgage Disclosure Act (HMDA) shows that applicants who resubmit corrected documentation see a 25% increase in approval rates. Additionally, lenders increasingly consider non-traditional factors like gig income or rental history, which may help if your primary financial metrics fall short. Proactive communication and iterative applications are key to overcoming initial rejections.