You can have great credit and still lose a loan. Here are five things that derail approvals constantly.
1. Large Unexplained Deposits
Cash deposits without paper trails can stall underwriting fast.
If it’s not documented, it’s not usable.
2. Switching Jobs Mid-Loan
Changing industries or going from salary to commission mid-escrow can reset your approval.
Talk to your lender first.
3. Opening New Credit
Furniture financing. Store cards. New car loans.They change your debt ratio immediately.
4. Moving Money Around Without Explanation
Transferring funds between accounts without documentation creates questions.
Keep your funds stable during escrow.
5. Ignoring Document Requests
Underwriting moves fast. Delays create expiration issues.
Quick responses keep files alive.
Bottom Line
Mortgage approval isn’t just about credit score.
It’s about stability and documentation. If you’re in escrow this is your reminder to stay boring financially.
