There are a lot of things to consider when buying a home, and the loan approval process can be intimidating and confusing. We're here to help!

These Do's and Don'ts will help avoid any delays with your loan approval.

Loan Approval Do's and Don'ts 

TIPS FOR A SMOOTH LOAN APPROVAL

1.

DO let us know if you will be out of town at any time during our transaction

2.

DO continue making rent or mortgage payments

3.

DO stay current on your existing accounts

4.

DO keep working at your current employer

5.

DO continue living at your current residence

6.

DO continue to use your credit as normal

7.

DO call us if you have any questions

If you encounter a special situation, it is best to mention it to us right away so we can help you determine the best ways to achieve your goals.

1.

DON'T make any large deposits (over $1,000) into your account you cannot document (no cash deposits!)

2.

DON'T make a major purchase (car, boat, furniture, jewelry, etc.)

3.

DON'T apply for a new credit card

4.

DON'T open a new credit card

5.

DON'T pay off charge offs or collections without discussion first

6.

DON'T close any credit card accounts

7.

DON'T change bank accounts

8.

DON'T max out or charge out your credit card

9.

DON'T consolidate your debt into one credit card

10.

DON'T take out a new loan

11.

DON'T start any home improvement projects

12.

DON'T open a new cell phone account

13.

DON'T join a new gym