Diamond Residential Mortgage Loader

Do’s and Don’ts of the Loan Process Checklist


After working with hundreds of families to help get them into their homes, we’ve learned a thing or two along the way. Here is our Do’s and Don’ts of the Loan Process Checklist that will help simplify your journey and prevent any unnecessary delays.


imgLet us know immediately if there is any change in your employment, income and asset status.

imgMake loan and other debt payments on time. Stay current on all existing accounts.

imgContinue living at your current residence.

imgMake sure you can explain any credit blemishes and credit inquiries.

imgResearch and line up a homeowners insurance policy.

imgKeep all of your personal documents (to include pay stubs, bank statements, proof of earnest money deposit and other docs that may be required prior to closing).


imgDON'T change jobs.

imgDON’T acquire any NSF (Non-Sufficient Funds / Overdraft) fees from your bank.

imgDON'T make any major purchases, apply for new credit or loans, or co-sign for any loans. Don't enter into any deferred payment plans.

imgDON’T close any revolving credit accounts, pay off any charge off accounts, collections, loans, credit cards or consolidate your debt.

imgDON'T change your sources of closing funds, change bank accounts or transfer balances from one account to another.


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