{"id":3619,"date":"2025-03-31T16:23:53","date_gmt":"2025-03-31T21:23:53","guid":{"rendered":"https:\/\/blog.veteransloans.com\/?p=3619"},"modified":"2025-12-11T14:09:01","modified_gmt":"2025-12-11T20:09:01","slug":"first-time-homebuyer-tips-avoid-this-mortgage-mistake","status":"publish","type":"post","link":"https:\/\/www.veteransloans.com\/resources\/first-time-homebuyer-tips-avoid-this-mortgage-mistake\/","title":{"rendered":"Common Mistake First-Time Homebuyers Keep Making"},"content":{"rendered":"[et_pb_section fb_built=”1″ _builder_version=”4.23.4″ _module_preset=”default” background_image=”http:\/\/173.255.228.252\/resources\/wp-content\/uploads\/2025\/03\/BG-Image-First-Time-Homebuyer-Tips.jpg” min_height=”350px” height=”100%” custom_margin=”0px|0px|0px|0px|false|false” custom_padding=”0px|0px|0px|0px|false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ _module_preset=”default” background_color=”#FFFFFF” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_post_title _builder_version=”4.23.4″ _module_preset=”default” title_font=”Poppins|700||on|||||” title_text_align=”center” title_font_size=”36px” meta_font=”Poppins|||on|||||” meta_text_align=”center” meta_font_size=”20px” background_color=”#FFFFFF” module_alignment=”center” min_height=”350px” height=”100%” custom_padding=”100px||100px|15px|false|false” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.23.4″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_row _builder_version=”4.23.4″ _module_preset=”default” custom_margin=”||0px||false|false” custom_padding=”||5px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.23.4″ _module_preset=”default” global_colors_info=”{}”][et_pb_text ul_item_indent=”65px” _builder_version=”4.27.4″ _module_preset=”default” text_font_size=”18px” header_2_text_color=”#006276″ header_2_font_size=”28px” header_3_text_color=”#0072ac” header_3_font_size=”24px” header_4_text_color=”#00967a” header_4_font_size=”22px” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]\n

Purchasing your first home is an exciting milestone, but for a first-time homebuyer, the process can feel overwhelming\u2014especially when it comes to securing a mortgage. A recent <\/span>Newsweek<\/span><\/a> article spotlighted a critical mistake many first-time homebuyers make, as explained by Laura Judkins, a mortgage expert at Mid-Continent Funding, Inc. The pitfall? Failing to \u201cseason\u201d your bank account before applying for a loan. At VeteransLoans.com, the DBA of Mid-Continent Funding, we\u2019re here to unpack this concept and help first-time homebuyers\u2014especially veterans\u2014navigate the mortgage maze successfully.<\/span><\/p>\n

So, what does \u201cseasoning\u201d mean for a first-time homebuyer? It\u2019s the practice of keeping funds in your bank account for a consistent period\u2014typically 60 days or more\u2014before submitting your mortgage application. Judkins told Newsweek that large, last-minute deposits can raise red flags for lenders, suggesting an undisclosed loan or financial instability. For example, if a first-time homebuyer suddenly deposits $10,000 from a relative right before applying, lenders might question its source. Seasoned funds, on the other hand, demonstrate reliability and reassure lenders you\u2019re prepared for homeownership.<\/span><\/p>\n

\n
@midcontinentfunding<\/a> Our advice, deposit those funds 60-90 days ahead of time so the funds become seasoned in your bank account. #mortgage<\/a> #mortgagetips<\/a> #homeowner<\/a> #homeownership<\/a> #firsttimehomebuyer<\/a> \u266c original sound – great tiktok sounds<\/a><\/section>\n<\/blockquote>\n