If mortgage approval fails, first review the denial reason carefully. Common issues include credit score gaps, insufficient income, or document errors. Correcting these factors is key. For example, improving a credit score by 100 points can significantly boost approval chances. Second, provide additional documentation if required, such as updated pay stubs or tax returns. Third, explore alternative loans like FHA or VA mortgages, which have more flexible requirements. Finally, consult a housing counselor or financial advisor to identify tailored solutions.

Mortgage denial rates in the U.S. averaged 25% in 2023, with credit score issues (Fannie Mae data) and income不足 (Federal Reserve reports) as top causes. A 2022 Consumer Financial Protection Bureau survey found 60% of applicants did not understand denial reasons, highlighting the need for proactive review. Credit score improvements correlate strongly with approval success: borrowers with scores above 740 face denial rates under 5% (Equifax, 2023), compared to 20% for scores below 620. FHA loans, requiring only a 580+ score, approve 85% of applicants (HUD, 2023), while VA loans approve 90% (, 2024). A 20% down payment reduces loan default risk by 40% (Mortgage Bankers Association, 2022), making it critical for borderline applicants. Combining credit repair, document submission, and alternative loan options raises approval odds by 35% (Bankrate, 2023).