How To Get Your Loan Application Approved By Any Lender

Bernard Okoth
4 min readDec 22, 2022

I remember going from bank to bank and hearing the same depressing sentiment over and over. Sorry but we’re not going to be able to give you a loan.

loan application approved sample

For a budding real-estate investor like myself, these words were painful but they’re so common and without financing it’s really tough to build a real estate empire.

So I had a choice: I could give up and assume I was just too young dumb and poor to get a loan or I could figure it out. So early on in my real estate career I actually got a job at a bank giving loans and I learned how a lender decides to approve or reject a loan request.

And as I learned how the process worked and what lenders were looking for, everything became much easier. Now whether I’m pursuing a bank loan, a hard money loan, a private money loan, or some other real estate loan, I rarely have a problem getting financing.

Because it’s not rocket science. I just needed to ask myself five simple questions and get a yes. I’m going to reveal those five questions that you should ask yourself before applying for a loan.

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If you can answer yes to these five questions, you’ll never have a problem getting a yes from any lender again. Let’s get to the five questions.

Do You Have a Deal?

Look if you don’t have a good deal no one’s gonna want to make a bet on you so make it your goal to understand how to find and identify great deals. The better deal you have the easier chance you’ll get it yes.

Is This a Property The Bank or The Lender Will Lend On?

Look, different lenders have different types of properties they lend on. Some only do single-family, some new multi, some only owner-occupied, some only investments, some like fixers.

Don’t you get the idea? so be sure the kind of bank you’re going after is the kind of mate that will approve your kind of deal.

Do You Have The Experience to Justify Your Plan?

If you’re brand-new, drills that have no income, no experience, and no credit, why would a lender want to make a bet on you?

A lender’s job is to make sure that every investment they make has a chance of getting paid back. If you find you lack in one of these categories, you might need to find a way to make yourself more of a sure bet.

This is when a partner or a financial backer can come in really handy. Yeah, you know you might give away 50% of the deal right? But 50% of a great deal is better than 100% of nothing.

Do You Meet The Requirements?

A lot of people think that loan approval is based on some feeling the lender has, but it’s actually much more analytical than that.

Most lenders, especially traditional banks have a set of requirements that need to be met. If you meet them all, you’re going to get your loan request approved. If not you’ll get denied. It’s not like a mystery, it’s more like a combination safe like a high school locker.

The good news is you can learn the combination by simply asking if they’ll have requirements for debt-to-income, credit score, loan-to-value, proper location, and more. So get to know your lender, and find out what they want and give it to them.

Are You Professional?

Lenders are busy. They’re often collecting paperwork and processing loans for a dozen different people at the same time, and it’s human nature to want to work on the easiest thing.

So if you bring in an old shoebox of papers, drop them off their desk and say get to work, or if you walk in there covered in Dorito dust, are they going to want to spend time working with you wasting their time?

So show them you’re professional and how easy you’re going to be to work with you by going overboard. Getting a loan is not impossible, especially when you understand the process. So before applying for your loan, ask yourself the five questions in this post.

Accredited investors and private lenders are ready to finance your commercial projects, acquisitions, contracts, real estate investments, and business worldwide. Request financing here!