The loan approval process includes researching your credit, employment history, assets and the appraisal of the property. Here are some things to consider during the loan approval process.

DO

Do respond promptly to your loan officer for any additional documentation requests
Do keep credit card balances below available limits at all times during the loan process (preferably under 40% availability limit or less)
Do pay all accounts on time
Do inform your loan officer if you receive money from family member or a friend
All money transfers from 1 account to another will need to be able to traced
Do inform your loan officer immediately of any sudden change in job status
Do stay in contact with your loan officer and real estate agent throughout the entire loan process
Do call your loan officer and real estate agent with any questions and/concerns. We are here to help!

Don't change your name or address during the loan process
Don't change employment or job status before consulting with your loan officer
Don't make any major purchases, such as a car, furniture or another house
Don't apply for new credit cards or any credit of any kind
Don't pay off collections or charge offs without consulting with your loan officer
Don't consolidate your debt
Don't close any credit card accounts
Don't dispute anything on your credit report once the loan process has started