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The #1 USDA Originator in the Nation 2014 & 2015 and Top Originator 2016!

Do's and Don'ts  

Do’s and Don’ts

These Do’s and Don’ts are just before & during the mortgage process.  Once you have the loan, you can return to normal!

  • Do continue making your rent payments.
  • Do stay current on all your existing credit cards and other accounts.
  • Do keep working at your current employer.
  • Do keep the same insurance company.
  • Do continue using credit as usual (as long as “usual” means paying on time!)
  • Do call your lender if you have questions or want to change your finances in any way.


  • Don’t make any major purchases. (car, furniture, refrigerator, etc.)
  • Don’t apply for new credit. (even if you’re “pre-approved”)
  • Don’t open a new credit card.
  • Don’t transfer credit card balances.
  • Don’t pay charge offs. (unless your lender says to do it)
  • Don’t pay off any collections. (you guessed it- ask your lender first)
  • Don’t close any credit card accounts.
  • Don’t increase your credit card debt.
  • Don’t change bank accounts.
  • Don’t consolidate debt or credit cards.
  • Don’t take out a new loan. 
  • Don’t open a new cell phone account – or any new accounts!
  • Don’t pay off loans or credit cards unless your lender says it's ok.
  • Don’t Dispute Tradelines
  • No Authorized User Accounts: (Only allowed if Spouse or Co-borrower)
  • No Credit Inquiries
  • No Opening Accounts
  • No Closing Accounts


The best rule is “Don’t Change Anything!” unless you talk to your lender first.  Refer to this loan checklist of do’s and don’t often.


Down Payment Methods
What is Acceptable?

Gifts. A family member can gift you the money as long as it is not a loan.

Borrow from your 401k. You have to pay it back, but you’re paying yourself back so you don’t lose anything.

IRA funds. You may be allowed to take out $10,000 per buyer, or $20,000 if you’re married, as a down payment on a home. You must not have owned a home for two years.

Grants. Most grants are for low income buyers and are administered locally.

What is NOT Acceptable?

Cash.

Large Unsecured Deposits.