I have little to add to this, except to say that I'm in a similar situation. However, the problem for us is that my wife is a small business owner but has been for less than 2 years. It'll be 2 years in November. Before that, she was an employee of the same company.
Even so, it isn't a matter of providing limited documentation. We have tax documents, pay stubs and check receipts fully documenting how much we say we've made over the last two-plus years. It's just the technicality of not being the owner of the company for two years. I suppose that a couple years ago, lenders might have been willing to look the other way.
Basically, what it means for us is being approved for a loan, but for much lower amount than even the lender agrees we could afford based on our current income and debt. But because we're in July and not November.
I get it, but it's just frustrating.
RED
