Typically, a mortgage approval can take about a month and a half in Florida, but that’s just an average. Closing your loan can take even longer if you’re buying a short sale or foreclosure. So, what deadly mistakes should you avoid while you’re waiting to close your Florida mortgage?


  • Don’t Change Jobs: If you get fired or laid off, that’s beyond your control. But this is not the time to go job hunting. Wait until after you close. Besides, you don’t want to try to get time off to move when you’ve just started a new job.
  • Don’t Open New Credit Accounts: Even if you don’t charge anything, every time your credit is checked by a lender, you could lose points from your credit score.
  • Don’t Close Any Credit Accounts: If you close an account, you will lose that available credit, and that could affect your debt ratio and hurt your credit score. It could also reduce the length of your credit history.
  • Don’t Max Out Your Credit Cards: This is not the time to go on a spending spree. Try to keep all your card balances below 30 percent of their available limits at all times. If you do decide to pay down cards, spread your money across all your cards to bring all the balances down equally.
  • Don’t Make Late Payments: A single late payment can knock points off your credit score.
  • Don’t Buy or Lease a New Car: Again, if your car dies, you may not have a choice. But try to avoid any large purchases or new financing.
  • Don’t Make Large Deposits into Your Accounts or Accept Large Cash Gifts: If you’re getting help from family, you need to follow your lender’s procedures to document it.


A good rule of thumb is to check with your mortgage lender before you do anything that will affect your credit score. Your Florida mortgage professional can help keep you from making a mistake that could delay or even revoke your loan. At Embrace Home Loans, we are happy to work with you to help make sure your closing doesn’t get off track. Please call us at 407-733-6425, or contact us online.