How to Get a Loan — You are NOT doing everything you CAN!

4 min readMar 14, 2022
It may be easier than you think. Don’t get overwhelmed and focus on the things you can control.

Getting a loan involves two bank employees. It involves the front-end guy, who is who you are going to chat with and give information to. It also involves the underwriter, who ultimately determines whether your loan is going to get approved or not. This is to decrease subjective bias in the loan application process, and so that the banks can focus solely on specific quantitative criteria.

The front-end guy’s job is based on getting as many loan applications as possible. Whereas the underwriter's job is to be as objective as possible and make sure to hit exactly what is being looked for during the loan process.

Let’s remember that lenders need you more than you need them. Without borrowers, the bank literally doesn’t have a business model. So all you have to do is prove you are a good bet.

Here are the12 things that need to be done in order to get a loan approved.

Property Type and Location

  • The first thing to verify is to see if the lender approves the type of property you are looking for
  • If you’re looking to purchase a commercial property but the lender specializes in residential, then it’s a no-go

Property Condition

  • Some lenders might only loan on a property that is in good condition, which may be tough if you are looking for a property that is for rehabbing or flipping purposes

Loan amount

  • There are loan minimums for different kinds of properties
  • For instance, five plexes are the minimum barrier to entry for commercial, and the category of the commercial has a minimum investment price on them and so five plexes can therefore be difficult to finance because they’re in this place where the minimum amount of loan given is too high for the amount that it usually needs, especially if you got a good deal

Debt-to-Income Ratio

Front-end Debt-to-Income Ratio

  • measures the relationship between how much your total housing payment will be and how much debt you have each month
  • The ratio between payment/income in…




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