Buyer Beware: Protect Your Credit When Buying a Home

Buying a home is such an exciting milestone—but it’s also one of the biggest financial steps you’ll ever take. While you’re house-hunting, applying for a loan, and dreaming about paint colors and furniture, there’s one really important thing to keep in mind: your credit and finances need to stay steady until after you close.

Even little changes can throw a wrench into the mortgage process. So, here’s a friendly list of “don’ts” to keep your home-buying journey on track.

1. Don’t change jobs, become self-employed, or quit your job

We know opportunities come up, but lenders love stability. Switching jobs (or income types) in the middle of the process can make your approval trickier. Hang tight until after you’ve got those house keys!

2. Don’t buy a new car, truck, or other big toy

That new SUV will look great in your future driveway—but wait until after closing. A big loan like that changes your debt-to-income ratio and could cause your lender to pump the brakes.

3. Don’t go wild with your credit cards (or forget to pay them!)

Now’s not the time to test the limits on your credit cards. Keep balances low, pay on time, and avoid closing accounts. Even little changes can shift your credit score.

4. Don’t “forget” about debts or liabilities on your loan application

Your lender will check everything anyway, so it’s always best to be upfront. Surprises = delays.

5. Don’t dip into your closing money

It’s tempting to use that pile of cash for other things, but remember—you’ll need it on closing day!

6. Don’t buy furniture on credit (yet)

Yes, your new living room will need a couch. But if you finance it now, your lender might see it as new debt. Celebrate with a furniture shopping trip after closing.

7. Don’t apply for new credit cards or loans

Every new inquiry dings your credit. Best to keep your profile steady and quiet until you’ve signed the final paperwork.

8. Don’t switch bank accounts

Consistency is key. Moving money around can make it harder for your lender to verify funds.

 9. Don’t make big deposits or withdrawals without checking first

Sudden large transactions raise eyebrows. Always run it by your loan officer before moving big amounts around.

10. Don’t co-sign for anyone else

Even if you’re just helping out a friend or family member, co-signing counts as your debt too. Save the goodwill for later!

The Bottom Line

Buying a home is exciting—but it can also feel like walking a financial tightrope. The good news? By avoiding these pitfalls, you’ll keep the process smooth and stress-free. And if you’re ever unsure, just ask your loan officer (or give our team a call!) before making any big money moves.

We’ll cheer you on from the first showing to the closing table—and beyond. 🏡✨