What not to do:
Don’t sign documents where important details are left blank or documents you don’t understand.
Why:
You are agreeing to repay a substantial amount of money over an extended period of time. Make sure you know what you are getting into and protect yourself from fraud.

What not to do:
Don’t assume you are on your own.
Why:
HUD-approved housing counselors can help you navigate the process and find programs available to help first-time homebuyers. You can find a HUD-approved housing counselor in your area at consumerfinance.gov/find-a-housing-counselor or call HUD’s interactive voice system at (800) 569-4287.

What not to do:
Don’t take on more mortgage than you want or can afford.
Why:
Make certain that you want the loan that you are requesting and that you are in a position to live up to your end of the bargain.

What not to do:
Don’t count on refinancing, and don’t take out a loan if you already know you will have to change it later.
Why:
If you are not comfortable with the loan offered to you, ask your lender if there is another option that works for you. Keep looking until you find the right loan for your situation.

What not to do:
Don’t fudge numbers or documents.
Why:
You are responsible for an accurate and truthful application. Be upfront about your situation. Mortgage fraud is a serious offense.

What not to do:
Don’t hide important financial information.
Why:
Hiding negative information may delay or derail your loan application.