To apply for a loan using a father's property certificate, the son must first establish legal ownership or a valid interest in the property. This can be done through a quitclaim deed transferring partial ownership or by using the property as collateral with the father's consent. The son should then submit a loan application to a lender, including the property certificate, proof of income, and a detailed repayment plan. Lenders will assess the property's market value and the borrower's creditworthiness before approving the loan. If approved, the property will be listed as collateral, and the son will sign a promissory note and mortgage agreement.

This process is feasible because property collateral reduces lender risk, as the asset can be seized if the loan is defaulted. According to the Federal Reserve's 2022 Survey of Consumer Finances, approximately 12% of U.S. consumers have taken loans secured by real estate, with family members often serving as co-signers or partial owners. Data from the Consumer Financial Protection Bureau (CFPB) shows that 60% of lenders consider property collateral as a top factor in loan approval, especially for amounts exceeding $50,000. However, legal considerations are critical: the father must explicitly authorize the use of the property, and the loan terms must comply with state laws governing mortgages and inheritance. For example, in California, a borrower must have a minimum credit score of 650 to secure a loan with property collateral, per data from the California Association of Realtors. Risks include inheritance disputes if the father dies before repayment and potential tax implications for the father if the property is sold to cover a default. Ultimately, the son's ability to repay and the property's value determine the loan's viability.