Avoid These First-Time Buyer Pitfalls: Top Homebuyer Mistakes Exposed

Mortgage Research Network Podcast · Jul 16, 2025 · 4m

Buying your first home is thrilling—but it’s easy to stumble before you close. In this episode, Tim Lucas and Craig Berry highlight the biggest missteps that trip up 82% of new buyers (and leave nearly half scrambling to make payments). You’ll learn:Skipping the Lender Chat: Why house hunting before getting pre-approved can turn excitement into disappointmentUnderestimating Up-Front Costs: How 5–6% in closing fees on a $500K home adds up—and why maintenance reserves matter tooThe 20% Down Myth: How programs with as little as 3% down (or zero down for VA/USDA) can get you in soonerOverlooking…