ALERT – Change to Credit Check Policy


If you are considering a home purchase, this is absolutely critical information for you to know.  Recent changes in lending policies now require lenders to check your credit twice during the loan process.  The second credit check comes 5-10 days prior to closing your loan and is done specifically to check for any changes to your credit standing since your initial mortgage application.

What does this mean?

If you apply for a loan and are approved, you should not make any purchases or conduct any activities that will alter your credit score until the loan is closed.

  • Do not buy furniture on credit
  • Do not charge large amounts to your existing credit cards
  • Do not purchase a car to park in your new garage
  • Do not order new fixtures, flooring, or furnishings on credit

Any changes in your credit standing can impact your interest rates and could place your home loan closing at risk.

For questions about the mortgage process, please contact us at  Buying a home is one of the biggest purchases you will ever make in your life. It is critical that you have the information you need before you commit.  Mission Mortgage of Texas is here to help you to understand the loan process and to avoid the pitfalls that can drastically harm your dreams of home ownership.  Contact a Mission Mortgage loan specialist before you decide on your next home purchase.


About missionmortgage

A full-service professional mortgage banker providing lending in Texas for over 25 years. Our main office is located at 901 S. Mopac Expwy, Barton Oaks V- Suite 120, Austin, TX 78746 with branches in Lakeway, Houston, and Sealy. Mission Mortgage has been ranked as a Top 10 Mortgage Company in Austin for the past 7 years (Austin Business Journal).
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