What should I do if my mortgage loan is not approved? Full analysis of 10 major causes and solutions
Recently, the issue of home loan approval has become a hot topic on the Internet. Many home buyers have been denied loans due to tightened policies or qualification issues. This article will combine the hot data from the entire network in the past 10 days to provide you with a structured analysis of the reasons for failed mortgage approval and response strategies.
1. Hot search data related to mortgage approval in the past 10 days
| Hot search keywords | search volume index | Main discussion platform |
|---|---|---|
| What to do if your mortgage loan is rejected | 1,250,000 | Weibo, Zhihu |
| Credit report repair | 980,000 | Douyin, Bilibili |
| Bank statement requirements | 760,000 | Baidu knows |
| Co-lender conditions | 540,000 | little red book |
| Mortgage interest rates cut | 1,100,000 | Today's headlines |
2. Analysis of the 8 main reasons why housing loan approval is not approved
| Reason for failure | Proportion | Typical cases |
|---|---|---|
| Credit question | 42% | Overdue credit cards and excessive online loan records |
| Income is not up to standard | 28% | The turnover is less than 2 times the monthly payment |
| Too much debt | 15% | Existing loan exceeds income by 50% |
| Incomplete materials | 7% | Missing tax payment certificate |
| Real estate issues | 5% | The house is over 30 years old |
| Policy changes | 2% | LPR adjustment period application |
| false information | 1% | Forged bank statements |
3. Targeted solutions
1. Credit repair plan
• Immediately settle overdue debts and maintain good records for 6 months
• Submit objection appeals through official channels (processing cycle 15 working days)
• Avoid frequent credit inquiries in the short term (recommended intervals of more than 3 months)
2. Income certificate optimization
| Income type | Supplementary material | effectiveness |
|---|---|---|
| fixed salary | 12 months bank statement + tax payment certificate | ★★★★★ |
| year-end bonus | Company certificate + historical issuance record | ★★★☆☆ |
| part-time income | Labor contract + transfer record | ★★☆☆☆ |
3. Debt adjustment strategy
• Repay part of consumer loans in advance (reduce debt ratio)
• Provide asset certificates (deposits, financial management, etc.) to hedge liabilities
• Choose to extend the loan term (reduce monthly payment pressure)
4. Comparison of alternatives
| Plan | success rate | Cost | risk |
|---|---|---|---|
| Change bank | 65% | time cost | Increase in the number of credit inquiries |
| Add a guarantor | 80% | Guarantee fee | joint liability risk |
| Increase down payment | 90% | financial pressure | Tight short-term liquidity |
5. Expert advice
1. Make pre-loan preparations 3-6 months in advance
2. Pass the preliminary assessment of the bank’s pre-approval system
3. Give priority to banks designated by cooperative developers
4. Avoid policy adjustment windows (such as the end of the quarter)
6. Latest policy developments (updated in 2023)
• Some banks are piloting "flexible income recognition" (allowing bonuses/subsidies to be included)
• Special attention needs to be paid when the credit report shows "joint borrowing" information
• Added "provident fund usage record" to the criteria for identifying second homes
If your first application is rejected, it is recommended to try again after an interval of 3 months, during which time you will focus on improving your qualifications shortcomings. Keep the written loan rejection statement issued by the bank as a basis for subsequent appeals. Buying a home is a major life event, and being fully prepared can ensure a smooth approval.
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