To secure a loan after a down payment, first assess your credit score and financial stability. A score above 620 is typically required for conventional loans, while FHA loans accept lower scores (580+). Provide documentation such as pay stubs, tax returns, and bank statements to demonstrate repayment capacity. Choose a loan type aligned with your goals: conventional loans offer lower rates, FHA loans require smaller down payments, and VA loans suit veterans. Negotiate terms with lenders, emphasizing your down payment percentage and creditworthiness. If rejected, consider alternative lenders like credit unions or peer-to-peer platforms.

Securing a loan post-down payment hinges on credit health and documentation. A 2023 Federal Reserve study found that 75% of conventional loan denials stemmed from credit score deficiencies, with scores below 620 increasing rejection rates by 40%. Lenders like Fannie Mae and Freddie Mac mandate a 5% down payment for conventional loans, but FHA loans require just 3.5% for borrowers with scores ≥580. Financial institutions analyze debt-to-income ratios (DTI); a DTI below 43% improves approval odds. For example, a 2022 National Association of Realtors report noted that 68% of first-time buyers used FHA loans due to lower down payment requirements. Alternative lenders, such as credit unions, offer loans with down payments as low as 10% but at higher interest rates. Proactive steps like credit repair and budgeting enhance approval chances, as 60% of lenders prioritize applicants with consistent income growth within the past 12 months (Consumer Financial Protection Bureau, 2023).