Preparing for a Home Loan in Virginia

Don't apply for a new credit of any kind

Don't max out or overcharge existing credit cards

Don't consolidate debt to one or two credit cards

Don't make major purchases

Don't make uncharacteristically large payments into your accounts

Keep all existing credit card accounts open

Be prepared to pay off collections if required by underwriting the loan program guidelines

Provide documentation for satisfied judgement or paid tax liens

Stay current on payments for all existing monthly obligations

Call Loan Officer before making any financial decisions or changes to your normal financial routine