🧮 The S.A.W. Self-Check: Are You Ready for Loan Approval?

Natalie Thompson
Oct 21
2 min read

When applying for a loan, many people ask, “Will I get approved?”

At American First Financial Services, Inc., we believe knowledge is power. Understanding how lenders view your application can help you make better financial decisions and improve your chances for approval before you even apply.

That’s where the S.A.W. Self-Check comes in — a simple way to evaluate your own financial readiness using the same three factors we look at behind the numbers: Stability, Ability, and Willingness.

💠 S — Stability

Lenders want to see stability — in your job, your housing, and your payment history.

Ask yourself:

Have I been with my current employer or in the same line of work for at least a year?
Have I lived at my current address for six months or longer?
Do I pay my bills and rent on time each month?

Why it matters: Consistency shows reliability. Lenders know that when your situation is steady, you’re more likely to manage your payments without disruption.

💠 A — Ability

This is your financial capacity to repay a loan. It’s not only about income — it’s about how well your income fits your budget.

Ask yourself:

What is my take-home pay each month?
How much goes toward rent, utilities, and other debts?
If I add a new loan payment, will I still have room to breathe financially?

Quick Tip: If your total debt payments take up less than 40% of your income, you’re typically in a good position. If it’s more, focus on paying down small balances first — it can make a big difference.

💠 W — Willingness

Willingness reflects your credit character — your history of following through on financial obligations.

Ask yourself:

Do I make payments on time, even when things are tight?
Have I recently paid off or defaulted on any loans?
Do I stay in touch with lenders if I fall behind?

Why it matters: Your willingness tells your story. Even if your credit score isn’t perfect, showing a consistent effort to meet commitments demonstrates integrity — and lenders take notice.

🧩 Putting It All Together

The S.A.W. Self-Check gives you a quick snapshot of your financial health. If you answered “yes” to most of these questions, you’re likely in a strong position for loan approval. If not, that’s okay — knowing where to improve is the first step to building a stronger financial future.

At American First Financial Services, we don’t rely solely on credit scores. We look at the full picture — your Stability, Ability, and Willingness — to make informed, personalized lending decisions.