Buyer Resources
Home Design & Realty — Buyer Checklist + Loan FAQ
Check off steps as you go. Your progress is saved on your device, so if you come back later, the site will remember what you completed.
Checked: 0 / 0
0%
1) Prep Before You Talk to a Lender
Clean up the basics first. It makes your pre-approval smoother and faster.
2) Pre-Approval & Loan Setup
Pre-approval is the foundation. Do it early, and do it clean.
3) Home Search & Offer Readiness
This stage is about speed and decision-making without panic.
4) Under Contract: Inspection → Appraisal → Closing
This is where buyers either stay disciplined or accidentally create delays. Keep it controlled.
Questions while you’re in the process?
If you want a clear plan (and not random advice), call and we’ll walk through the right next move.
Call Home Design & Realty
(501) 217-9909
Progress saves locally on your device/browser. If you clear site data or switch devices, checkmarks will not carry over.
Loan FAQ + Tips (What to Do — and What Not to Do)
These tips are designed to prevent last-minute loan issues. Even small financial moves can change your approval, your rate, or your required cash-to-close.
When I apply for a loan, what should I avoid?
Avoid anything that changes your debt, income profile, or available cash. Common mistakes:
- Do not make major purchases (cars, furniture, appliances, big electronics).
- Do not open new credit cards or lines of credit.
- Do not co-sign a loan for anyone.
- Do not increase your credit card balances (keep utilization steady or lower).
- Do not move money around without documenting it (large transfers can trigger questions).
Why do “major purchases” matter if I can afford them?
Underwriting is based on ratios and verified funds. A purchase can:
- Increase your monthly debt (DTI), which can reduce approval amount.
- Reduce your cash reserves, which can impact loan conditions.
- Trigger new credit inquiries, lowering your score.
Can I change jobs while buying a home?
Sometimes, but it can add complications. A job change may require:
- Re-verification of employment and income.
- Additional pay history or documentation.
- Delays if underwriting needs more proof of stability.
Should I deposit cash or receive large gifts during the process?
Large deposits and gifts can be allowed, but they must be documented correctly.
- Cash deposits can be difficult to “source” and may not be usable.
- Gift funds usually require a gift letter and proof of transfer.
- Keep a clean paper trail. If it can’t be documented, it can become a problem.
What does a lender typically verify right before closing?
Late-stage verification is normal. Many lenders re-check:
- Employment status (verbal verification close to closing).
- Credit (sometimes another soft or hard pull depending on the file).
- Bank statements and balances for closing funds.
How can I help my file move faster?
The fastest files are clean and responsive.
- Respond to lender requests within 24 hours.
- Provide full documents (all pages), not screenshots or partials.
- Avoid unexplained transfers and new debts.
- Keep your bank balances stable and documented.
What’s the simplest rule to follow during underwriting?
Keep your financial life boring until closing.
- No new debt.
- No new credit.
- No big purchases.
- No unexplained money movement.
Want this translated into a simple plan for your situation?
Call and we’ll walk through your next step and how to keep your approval clean.
Call Home Design & Realty
(501) 217-9909
Educational guidance only. Your lender is the source of truth for requirements and underwriting conditions.