What can we help you with?

Skip Navigation LinksHelpful-Dos-and-Donts

Skip Navigation LinksGo Colonial > Helpful Do's and Don'ts

Helpful Do's and Don'ts When Applying For a Mortgage​


DO Keep originals of all pay-stubs, bank statements and other important financial documentation. Colonial National Mortgage is required to update any documents that are more than 90 days old prior to the closing of your mortgage loan. (This is required even if your loan is approved.)

DO Provide all documentation for the sale of your current home, including sales contract, closing statement, employer relocation/buy-out program if applicable.

DO Notify your Loan Officer if you plan to receive gift funds for closing costs.

DO Notify your Loan Officer of any employment changes such as change of employer, recent raise/promotion, transfer, change of pay status, for example salary to commission

DO Be aware that opening new lines of credit could affect the approval of your loan.



DON’T Change jobs/employer without inquiring about the impact this change might have on the approval of your loan.

DON’T Make major purchases during or prior to closing, such as a new car, furniture, appliances, etc. as this may impact your qualification ratios.

DON’T Obtain and/or deposit unusually large sums of money without notifying your Loan Officer. Many loan guidelines require documentation as to the source of these funds.

DON’T Close or open or transfer any asset accounts without asking your Loan Officer about the proper documentation required for your loan file, e.g. transferring all the funds in your checking account into your savings account.

DON’T Open or increase any liabilities, including credit cards, signature loans or other credit lines during the loan process as it may impact your qualifying ratios.


Download PDF

Colonial is here to help every step of the way.

Contact your Loan Officer to buy, build or refinance.


Loan Officers

© Copyright 1997-2020 Colonial Savings, F.A. All Rights Reserved. Bank and mortgage rates and terms subject to change without notice. This is not an offer to extend consumer credit as defined by Section 1026.6 of Regulation Z. Insurance products issued by Colonial Life Insurance Co. of Texas and DuBose and Associates Insurance are not insured by the Federal Deposit Insurance Corporation. Insurance products are not issued, guaranteed or underwritten by Colonial Savings, Colonial National Mortgage or the FDIC. Insurance products may involve investment risk, if appropriate, including potential loss of principal.

Privacy Policy Equal Housing Lender FDIC
NMLS 401285
Colonial Banking Home Loans and Insurance logo

Business Address: 2600 West Freeway, Fort Worth, Texas, 76102, US
Tel: 817-390-2380 | Email: csmarketing@colonialsavings.com.
Business hours are and
Colonial Rated 3.9 / 5 based on 115 reviews.