01
Credit can be reviewed again
A new account, inquiry, balance, co-signed debt, or missed payment can change monthly obligations or the credit profile used for approval.
02
Employment and income need continuity
A job change, leave, reduced hours, new commission structure, or move to self-employment can require a new analysis and documentation.
03
Funds must remain traceable
Transfers, cash deposits, gifts, asset sales, and cryptocurrency liquidation can create sourcing questions. Keep statements and discuss the plan before moving money.
04
The contract and property matter too
Changing credits, price, occupancy, property type, closing date, or repair terms can affect disclosures, appraisal, program fit, or underwriting.
Frequently asked questions
Questions that add to the answer
Can I buy furniture before closing?
Avoid financing or large purchases until the mortgage team confirms the impact and the loan has closed.
Can I change banks?
It may create avoidable documentation and sourcing work. Discuss the reason and timing first.
Should I pay off debt before closing?
Only after the lender models the effect and explains documentation, cash, and qualification consequences.
Authoritative sources
Sources reviewed September 9, 2026
Program rules and public guidance can change. The current source and the review of the actual borrower, property, and transaction control.
Related resources