Purchase a Home
Homebuying do's and don'ts
Protect your approval between application and closing.
From application to closing, your lender confirms your credit, income and assets more than once. Small changes can delay or derail an approval. Follow these rules until you have the keys.
Do
- Keep paying every bill on time.
- Keep copies of pay stubs, bank statements and tax returns.
- Tell your loan officer about any change in job, income or debts.
- Respond to document requests quickly.
- Keep your money in the same accounts and document any large deposits.
- Shop for homeowners insurance early.
Don't
- Open new credit cards or loans.
- Buy a car, furniture or appliances on credit before closing.
- Change jobs or become self-employed without talking to us first.
- Make large cash deposits you cannot document.
- Co-sign a loan for someone else.
- Close old credit accounts without asking us first.
If you are unsure whether something will affect your loan, call us first.