So here are a three big NOs that we suggest so that you can say YES to a new house:
1. Say NO to changing jobs, becoming self-employed or quitting your job while looking to get a loan. Not having employment will demonstrate that you don't have a steady income (or that your income is likely to change or be reduced).
2. Say NO to abnormal or large purchases. No new vehicles, no charging up those credit cards, and wait until the sale is complete to invest in new furniture -- all of these purchases will change your financial picture and could prohibit you from getting a loan. Also -- you need that money for the closing -- save the money you have for closing costs.
3. Say NO to any financial instability. While applying for a loan, you want to demonstrate that you are financially stable. This means that you should make sure all payments are on time, that you do NOT originate any inquiries into your credit, that you do NOT change bank accounts, that you do NOT make any large deposits into your accounts without first checking with your loan officer, that you do NOT co-sign a loan for anyone. Also, be sure to be honest with your loan officer -- an omissions of debts or liabilities from your loan application could cause big problems for you later!