Do - Provide your Earnest Money Deposit from your own personal bank account or acceptable gift funds.

Do - Notify me if you plan to receive gift funds for closing.

Do - Notify me of any employment changes such as recent raises, promotion, transfer, change of pay status, for example, salary to commission.

Do - Stay employed if employment income is used for loan approval.

Do - Save money to your account provided for verification of assets.

Do - Notify me of any deposit you expect to make not related to your payroll, pension, SSI or income tax refund.

  
Don’t - Deposit any monies outside of your payroll deposits, particularly cash or sale of personal property. Many guidelines require substantial documentation as to the source of these deposits.

Don’t - Open or increase any liabilities, including credit cards, student loans or other lines of credit during the loan process.

Don’t - Make major purchases prior to or during your contract, such as new car, furniture, appliances, etc. as this may impact your loan qualification.

Don’t - Advance of any cash from a credit card or borrow funds for closing.

Don’t - Change your legal name. 

Don’t - Take any unpaid time off.Don’t - Schedule any vacation or time off for any reason if all possible before closing.