THE DO’S & DON’TS

DO gather documents quickly! You are a vital part of the process. Gathering items requested in a timely manner will enable you to close on time!

DON’T charge up your debt! Please do not charge on your credit cards, apply for any new credit, or make any large purchases until you close. This can affect you debt-to-income ratio and you may lose your qualification for the loan.

DO mention if you plan on using gift funds! If you are expecting to use gift funds, please NOTIFY US ASAP before you implement them. There is a specific process to follow in order to do this.

DO be aware of what you deposit! Deposits into your checking/savings accounts are one of the most requested conditions from the underwriter. Any non-payroll deposits larger than $100 will be asked to be documented and sourced! DON’T deposit cash!

DO use a check or wire transfer for your earnest money! Never use cash or credit cards to pay earnest money! Make sure it comes from the same account that will be used to close on the home.

DO notify us if your salary or other compensation has changed! Keep in mind that if you change from salary or hourly to commission or self-employed, your qualification WILL be affected.

DON’T change jobs during the loan process!

DON’T hesitate to call us, if you have any questions! :)