AMARILLO --- In recent years it was a lot easier to get a home loan. Some banks would even loan out money without verification. Bob Murray the Amarillo branch President of Wells Fargo says those standards to get a loan are going to get a little tougher.

"If they had a high enough FICO score they could come in and say i make this amount of money and it wasn't ever verified. So hen we talk about tightening credit now that's one thing that's being done," Murray said.

Now that several of those buyers can't pay up the credit industry is raising the standards that qualify you for a loan. "Some of the main ones are the amount of outstanding credit the level of credit versus the available credit and just a number of factors of how they pay their credit back or if they have derogatory credit," Murray said.

One main thing to remember is to never pay late. One customer said she accidentally paid her credit card bill late by one day and the company raised her interest from 12% to 24%.

While credit cards aren't completely bad, having several will limit you to how much of a loan you can get. If you have several merchant accounts the company can up your limit without you knowing it. Renee Beck and her husband were once in this situation.

"We had several merchant accounts open like Lowes and Home Depot and they kept raising the credit limit we had and and we didn't know that we had our credit checked and it said we had the ability to borrow $50,000 and we were like what!" Beck said.

Murray suggests not allowing credit cards to be almost maxed out. Because even if they are close to the limit that can hurt your credit too. The amount you pay back each month on a home loan can also take a toll on your credit.

"Roughly a third of your income should go to your house payment at the most you shouldn't really have more than a third, 33%, or 35%," Murray said.