Homebuyer 101: What Does Buying a Home in 2021 Look Like?

COVID-19 has changed many things regarding to purchasing a home, with over 86 guideline changes last year alone! We will cover the three key factors that you need to know before you start shopping for a home:

• Income: The most important thing lenders look for is stability of your income and employment.
• Cash: 2021 is still going to be a busy year with multiple offers, over-asking price, and sometimes over appraised value. Coming to the table with very little down payment or down payment assistance is going to cause your offer to be overlooked.
• Credit: Need to have good credit history with a variety of trade lines. If you have COVID-19 related late payments, you must show that you are back on track if there was job loss, etc.

We’ll help you navigate all of these areas. Come with questions, we’ll have answers!