Borrower Dos and Don'ts

Once your loan is in process here are a few tips to make sure there are no hiccups along the way
  • Don’t do anything that might lead to a credit pull:
    • Make a major purchase like a car
    • Get a new credit card or line of credit
    • Change your phone, internet, or TV plan or carrier
    • Buy new furniture or appliances (e.g., RC Willey)
    • Consolidate debts
  • Don’t pay off collections unless directed to by your loan officer.
  • Don’t close any credit accounts.
  • Don’t make large cash deposits in your bank account for 60 days prior to your loan application.
  • Don’t use your credit card for a cash advance for your down payment.
  • Don’t change jobs if you can avoid it.
  • Do pay all your bills on time.
  • Do pay revolving credit balances to 30% of the available credit.
  • Do call your friendly loan officer if you have any questions.