cancel
Showing results for 
Search instead for 
Did you mean: 

Need help timing credit after house closing?

tag
indiasnowden
Regular Contributor

Need help timing credit after house closing?

I am supposed to close March 3rd.  Is there a general rule for applying for a Home Depot/Lowes account type card after closing on a house?  Would the same rule apply for other cards as well?  I would like to get a Home Depot/Lowes/Arhaus/Value City /Levins type mix started. Not necessarily all of those and not necessarily at the same time.  Is there a general rule for how many you can apply for at one time?  Maybe someone can start a "Credit after Closing" guide.

 

I have one CapOne NoHassle with a $500 limit

I have an Orchard with a $300 limit (would like to get rid of this)

I have an auto loan which I am aggressively paying off this year.

My income is $39K

My mortgage will be about $51K

My Mortgage payment is going to be $295ish before taxes and insurance.

 

Any suggestions?  Thanks


Starting Score: 'All three mid 500s as of 1/1/16
EQ: 633 6 TU: 644 EX: 634 as of 3/11/17 via MyFico
Goal Score: 650

Take the FICO Fitness Challenge
Message 1 of 3
2 REPLIES 2
DI
Super Contributor

Re: Need help timing credit after house closing?

Apply after you get the keys to the house.  Anytime before that, you risk losing the loan as credit reports are pulled right before closing. 

Message 2 of 3
vish1
Valued Contributor

Re: Need help timing credit after house closing?

+1

Citi Hilton Reserve 22.3K | Citi Thank You 8.2K | CSP 15.5K | Chase Freedom 10K | Chase BA 15K | Chase United 8.5K | Chase Marriott 5K | Discover IT 9K | Club Carlson 13K | Amex SPG 20K | BofA Cash Rewards 11K | BofA Cash Rewards 50K
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.