What to DO:
DO Provide all requested financial documentation within 24 hours
DO Disclose all of your income that you would like considered for qualifying purposes
DO Disclose all of your debts (i.e. side business, alimony, child support, additional real estate owned etc.)
DO Be upfront about your credit (good, bad or otherwise)
DO Pay all of your bills on time (mortgage, rent, car payments, credit cards, etc.)
DO Continue to use your credit card as you normally would, but not excessively
DO Make your spouse available to sign at closing if purchasing a primary residence
DO Keep in communication with your Loan Originator or Loan Partner
Without talking to your Loan Originator first…
What NOT to DO:
DON’T Change or quit your job
DON’T Apply for New Credit or Loans of any kind
DON’T Pay off debts, collections or charge-offs (unless advised to do so by your Loan Originator)
DON’T Co-sign or become a co- borrower on any other loan
DON’T Make major changes to your asset structure
DON’T Make any cash deposits into your bank accounts
What is an FHA Mortgage?
A mortgage that allows borrowers to put as little as 3.5% down.
Philips Point West Tower, 777 S Flagler Drive, West Palm Beach, FL 33401
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