Pre-approval isn't a permanent green light. Between getting pre-approved and closing on your home, your financial situation is still being watched — and certain actions can complicate or even delay your purchase.
Knowing what to avoid is just as valuable as knowing what to do.
Don't Take On New Debt
Opening a new credit card, financing furniture, taking out a car loan, or using "buy now, pay later" options after pre-approval can all affect your debt-to-income ratio — a key metric lenders verify again before final approval.
Even a payment that seems small can shift the calculation enough to create problems. If you're considering any significant purchase, check with your loan officer first.
Be Careful with Large Deposits
Saving money is great. But a large, undocumented deposit into your bank account can raise questions during underwriting. Lenders are required to verify the source of funds used in the transaction.
If you receive a gift, sell an asset, or move money between accounts, let your mortgage professional know in advance so they can advise on how to document it properly.
Avoid Job Changes If Possible
Lenders look for stable, consistent income — and a job change, even one that comes with a raise, can complicate that picture. Moving from salaried to commission income, switching industries, or becoming self-employed may trigger additional review or documentation requirements.
If a career change is happening regardless, tell your loan officer before it does. Early communication gives them time to manage the impact.
Keep Paying Every Bill on Time
Your credit profile can be checked more than once before closing. A late payment on a credit card, auto loan, or utility bill can affect your credit in a way that delays or changes your loan terms.
Stay on top of every account during this window — it matters more than usual.
Watch Your Pre-Approval Expiration
Pre-approvals typically expire after a set period, often somewhere in the range of 60 to 90 days, though this varies by lender. If your home search stretches longer, your lender may need refreshed documents or an updated credit review.
Staying in regular contact with your mortgage professional ensures your pre-approval stays current and you're ready to act decisively.
Questions about protecting your pre-approval? We're happy to walk you through it.
