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Do's & Dont's

Home Homebuyer Resources Do's & Dont's
Do's & Dont's
Stay organized & avoid setbacks

Guidelines for a Seamless Loan Approval

To help avoid delays with your loan approval, below is a list of tips that will help you avoid the more common pitfalls during the loan process.

 

 

Do's

  • Stay in touch: Keep an eye on your email and voicemail and respond when you can to keep things moving smoothly.

  • Keep paperwork nearby: Hang on to financial documents and new paystubs as they come in.

  • Expect a few extra requests: Lending rules have changed, so we may ask for more documentation than you expect—but there’s always a reason.

  • Share changes right away: Let us know if your income changes, you receive a collection notice, or anything unexpected comes up.

  • Save your statements: Keep complete bank statements (yes, even blank pages!) and note any non-payroll deposits.

  • Planning on gift funds? Tell us early—gift funds just need a signed gift letter and proof of where the funds came from.

  • Keep housing on track: If you’re renting, continue paying rent on time and save proof of payment.

  • Getting ready to move? If you’re selling or renting out a home, we’ll help you know what documents to have ready.

  • Protect your credit: Keep making payments on time—your credit is checked through closing.

  • Travel plans? Let us know if you’ll be out of town around closing day.

  • We’re here for you: Questions pop up—just give us a call. We’re happy to help!

Don'ts

  • Don’t hesitate to ask questions — we’re here to help, even if you’re just getting started.

  • Don’t take on new debt or make big purchases during the process.

  • Don’t open, close, or move credit accounts without checking with us first.

  • Don’t pay off collections or charge-offs unless we advise you to do so.

  • Don’t start new loans, leases, or co-sign for anyone.

  • Don’t allow new credit checks until after your loan closes.

  • Don’t change banks or open/close accounts during the loan process.

  • Don’t make large or undocumented deposits — avoid cash and keep records handy.

  • Don’t delay selling investments if you’ll need those funds for closing.

  • Don’t change jobs or income status without letting us know first.

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