The #1 Mistake First-Time Buyers Make (And How To Avoid It)

If you’re buying your first home, you’ve probably already realized there’s a lot more to it than just scrolling Zillow. Between rates, inspections, offers, and financing—there’s a learning curve. But after helping hundreds of buyers over the years, there’s one mistake I see first-timers make more than anything else:

They talk to a lender after they start shopping.

Sounds harmless, right? You’re excited. You want to see what’s out there. But here’s the problem: when you fall in love with a home before understanding your numbers, one of three things usually happens:

1. The home you want is out of reach—and now everything else feels like a letdown.

2. You can afford it, but you didn’t realize your payment would be so high.

3. You wait to get pre-approved… and someone else buys it while you’re still “checking on things.”

Why Getting Pre-Approved Early Changes Everything

Getting pre-approved isn’t just about checking a box—it gives you the real numbers behind what you can afford, what your monthly payment might look like, and how your credit or debt-to-income ratio plays into it.

Even more important?

It strengthens your offer when you find the right home. Sellers want serious buyers, and a solid pre-approval letter shows you’re ready to move.

How to Do It the Right Way

Here’s what I recommend for first-time buyers in 2025:

1. Talk to a lender early—before you’re actively looking. Get a clear idea of your numbers and what loan programs work for you.

2. Set your budget based on your monthly payment, not just the total price.

3. Work with a local agent (hey, that’s me) who can guide you through each step, from showings to negotiations to closing day.

Bonus Tip: Some Builders Are Offering

Lower Rates Than Most Lenders. Don’t forget to ask me about this!

If you’re considering new construction, there are builders offering rate incentives and closing cost help that can make your monthly payment lower than you think. That’s another reason to have a pro in your corner—we can help you compare options.

Final Thoughts

Buying your first home is exciting—and yeah, a little overwhelming. But avoiding this one mistake puts you miles ahead of most other buyers. Know your numbers, get prepared, and make your move with confidence.

Thinking about buying this year? Let’s talk. I’ll connect you with a trusted lender and help you map out a simple game plan based on your timeline and goals.

Paul Linn - 317-629-0070 - 📲 call/text anytime