DO’S AND DON’TS

The smoother the loan process, the more enjoyable it is for everyone involved. Follow this list of Do’s and Don’ts to avoid common loan hurdles.

 

Do

  • Document large deposits or withdrawals with receipts and bank statements ($500 deposits or more)

  • Limit the number of transfers of funds and keep clear records for any transfers you do make

  • Limit the number of credit inquiries while in process, as multiple inquiries can affect your credit

  • Minimize spending that could affect your debt-to-income ratio

  • Make your payments on-time for all existing accounts and financial obligations

  • Respond promptly to any questions from your loan team

  • Provide requested documentation in a timely fashion

  • Notify us if you plan to leave town mid-process

  • Provide the most current and accurate information on all documents and paperwork

  • Contact your insurance agent or company to notify them of any changes

  • Refer us to any friends, family or co-workers while we are working on your loan! We are never too busy for your referrals - They are the lifeblood of our business.

Don’t

  • Don’t make any changes to your income or employment during your loan process

  • Don’t make any large financial decisions without consulting with us first so we can make sure it won’t affect your loan approval

  • Don’t provide your social security number to anyone that is not part of your loan team

  • Don’t close any credit cards or pay off any additional debt without consulting us first

  • Don’t worry! We do this all day, every day, and we have your best interest at heart. Our loan teams work hard so you don’t have to.

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Looking for a PDF of this list? Look no further. Click here to download and save a copy for you to reference during your loan process.