Top 5 Mistakes to Avoid When Applying for a Home Mortgage

Applying for a mortgage is a big step—and one where small mistakes can lead to big headaches. Whether you’re buying your first home or your fifth, steering clear of these common missteps can make the process smoother, faster, and more successful.

1. Making Big Financial Changes During the Process

Opening a new credit card, financing a car, or making large purchases while applying for a mortgage can throw off your credit profile and debt-to-income ratio—two key things lenders evaluate. These changes can delay or even derail your loan approval.

2. Skipping the Pre-Approval Step

House hunting without a pre-approval is like shopping without a price tag. You may end up wasting time—or falling for a home that’s out of reach.

Your local Pinnacle Bank mortgage team member can provide a fast, accurate pre-approval that gives you confidence and credibility in the market.

3. Moving Money Between Accounts Without Documentation

Lenders need to verify where your down payment and reserves are coming from. Large or frequent transfers between accounts can raise red flags if they aren’t properly documented, which can slow down underwriting.

4. Assuming All Lenders Offer the Same Experience

Lowest advertised rates don’t always mean the best deal. Some lenders tack on hidden fees or lack the personal support you’ll need throughout the process. 

Do your homework—and trust experience over flash.

5. Not Asking Questions

This is your home and your money—there’s no such thing as a dumb question. From rate locks to closing timelines, you deserve clear answers.

The local Pinnacle team is here to walk you through the process, step by step. Don’t go it alone when help is right around the corner.

Final Thought

Buying a home is exciting, but it’s easy to make costly missteps. Partnering with the right lender—from the start—can make all the difference.

Connect with your trusted Pinnacle Bank mortgage professional today, and let’s make homeownership happen the right way.