Tips For After Mortgage Approval

• Do NOT have unsual or large bank deposits ($200 or more). All deposits need to be sourced and verified. ALL gifts funds MUST be documented. DO NOT DEPOSIT CASH.
• Do NOT have any overdrafts on your bank statement.
• Do NOT open new credit accounts of increase the balance on currents accounts by 3% or more (credit cards, car loans, student loans, etc.).
• Do NOT be late on any debts, regardless of what the debtor tells you.
• Do NOT take unpaid time off of work-make sure to work consistent hours from application until closing. Do NOT reduce your work hours or change employers.
• Do NOT dispute any items on your credit report.

Items you may need to pay for prior to closing

• Earnest Money ($1000)
• Home Inspection ($375)
• Appraisal ($450-600)
• Townhome/Condo Questionnaire, if applicable ($50-$250)