<prompt> Human: I read that you shouldnt get a car loan before buying a house. Does that always apply or could my situation be different: My wife and I live in San Francisco but will move soon to Southern California and buy a house there LA or OC area. We currently dont have a car and we will need to buy one before buying a house. We both have a credit score of around 770 and we can afford a 4000 mortgage 20 down and a 400 car payment. Would banks raise the red flag if they saw that we just added a car loan of around 15,000 - 25,000 ?  <response>: Home first. The day after you close or the closing funds go for the car. I have had clients buy new furniture for their new homes and lose the deal because their debt to income ratio became too high. Dont apply for any lines of credit store cards, credit cards, cars, etc until you close on your house and have keys in hand. 