Do’s & Don’t


  • Immediately inform your Loan Officer if there are any changes in your employment, income, or assets.
  • Continue living in your current residence.
  • Continue making all mortgage or rent payments.
  • Continue to make payments and stay current on all existing credit accounts.
  • Be prepared with an explanation for any credit “blemishes” and recent credit inquiries.
  • Research and select a preferred homeowner’s insurance provider.


  • Make any major purchases or home improvements. (ie. auto, boat, appliances, furniture, pool)
  • Apply for new credit or loans.
  • Pay off any charge-off accounts, collections, loans, credit cards, or consolidate debt.
  • Close any credit card accounts, max-out, or over-charge credit accounts.
  • Change bank accounts of transfer balances from one account to another.
  • Change the source of your “closing funds.”
  • Deposit large amounts of cash into your own bank account without proper documentation.

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NMLS #648637

Equal Housing Lender

*Disclaimer: The information provided by this site cannot be guaranteed in regards to your individual financial position by Loren Doman with Summit Funding. All examples are hypothetical for illustrative purposes only. For the most accurate and personalized results, we encourage you to seek advice from one of our qualified financial professionals.

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851 N Hickory Ave
Meridian, ID. 83642