I had no problems whatsoever and unless my broker was shoeshining me, I was very well qualified.

What broker said/implied was good
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* 20% down and 20% in reserves (if you are self employed, having anything less than 1+ year of liquid reserves is dicey in my mind)
* DTI (debt to income) less than 20% after purchase of house
* Credit score > 740

I had to turn in
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2 years of personal tax
2 years of business tax
various business license documentation