Do's and Don'ts of Home-buying

Consult your loan officer before you make any decisions involving your credit during this escrow period. We are always available to help.


  • Contact your insurance agent early in the process and inform them of your new home purchase.

  • Promptly provide all documents (ALL PAGES) requested by your loan officer and processor to speed up your closing.

  • Make sure your employment asset and personal information are correct on your loan application.

  • Be prepared to explain/account for all non-payroll deposits into each account you intend to use toward your transaction.

  • Respond to any requests for information from your loan officer as soon as possible.

  • Continue to make all payments on time.


  • Apply for any new credit of ANY kind. DO NOT finance anything.

  • Make large deposits into your bank account. Your down payment should be seasoned (sitting in your account for at least two months).

  • Have any inquiries made on your credit report. This raises red flags to the Underwriters. Don't co-sign on another person's loan or change your name or address.

  • Make changes with your employment or income.


  • Spend your down payment.

Ask for help if you need to or have questions. Penny Lane Financial is here to guide you along the way with mortgages and more.

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Tacoma, WA 98405

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All written content on this site is for information purposes only. Opinions expressed herein are solely those of Penny Lane Financial and our editorial staff. Material presented is believed to be from reliable sources; however, we make no representations as to its accuracy or completeness. All information and ideas should be discussed in detail with your individual financial professional prior to implementation. Insurance products and services are offered through Penny Lane Financial LLC.