DO’s and DON’Ts of Financing your Home

notebook with do on left side don't on right

Buying a new home is one of the biggest financial decisions that you will make and the process can be both smooth and tricky. You have a big role to play in making your new home buying experience as smooth as possible. Your Shariah mortgage pre-approval process works similar to a conventional mortgage process which is based on several factors, one being your credit score. A small misstep may impact your approval and become problematic at the closing.  Here is a handy list of Do’s and Don’ts that will help you prepare to get the best deal and make the home buying experience a great one.


  1. Keep the documents handy and send them to financier on time
  2. Have sufficient funds in your account for closing costs and down payment
  3. Receive cash gifts only through check or wire transfer
  4. Minimize the usage of credit cards
  5. Continue living at current residence


  1. Don’t  make major purchases
  2. Don’t apply for new lines of credit
  3. Don’t close any credit card accounts
  4. Don’t quit your job
  5. Don’t go for a long travel
  6. Don’t change the marital status
  7. Don’t make large cash deposits
  8. Don’t consolidate debts onto credit cards
  9. Don’t transfer money from a business account to a personal account
  10. Don’t lend money to friends and family
  11. Don’t run credit
  12. Don’t dispute any credit account

Check out this short video on Do’s and DON’Ts when financing your home:

Pre-Qualify online for Shariah-compliant home financing: