Preapproved but then denied 350k down to 200-250k for VA loan
So I got “pre approved” at 350 after sending my business 24-25 and personal 24-25 (s-corp) taxes. Then the lender fell silent for a day or two and informed me the funding amount would go from 350 to 250 due to my business taking a loss three years in a row (we write off everything and even create as many expenses as possible for tax purposes), and I paid myself very little (i do not spend much at all, and having cash that will just be taxed seems pointless to me), which also factored into a lower funding amount.
To put it into perspective, I own a $1.5m business with cash flow that never required me to take out a loan, line of credit, invoice factoring, etc. and we will likely scale to $2m+ by the end of 2026. I’ve now started to pay myself more but according to them the only thing that matters is prior tax years.
My question is, what are my options to try and get back to $350,000 for the house I’ve already looked at and decided on?
Posted Apr 24, 2026, 8:19 PM UTC