The past few months have been a tumultuous time for many – emotionally, physically, and financially. Families who were previously well on their way to homeownership are now putting those dreams on hold and may feel as though their hard work has been undone. Landis is here to help you attain your goals of homeownership and remind you that you can still do this! As such, we have put together a list of tips that may help you continue to work towards your goals, even during this time of particular hardship.

  • If you can pay, you should. Even one late payment on a credit report can affect one’s score by as much as 100 points. Late payments on an installment plan (such as a personal loan or vehicle payment) can injure a credit score more than late payments on a revolving plan (such as a credit card). Don’t forget about your utility bills: they often do not report to one’s credit report when paid on time, but late payments are reported to credit bureaus and can adversely affect your score.
  • Be proactive. You are your own best advocate. If you find yourself in a position where you may not be able to pay your bills, we encourage you to call the company and ask them for help. Extending payment due dates, removing late payment fees, and putting in place partial payment plans are all adjustments that can be made to your credit card, vehicle, and personal loan bills.
  • Stay in the same industry. When reviewing applicants, mortgage lenders pay attention to job history. During this time, seeing a temporary reduction in hours, furlough, or temporary pay cuts is not abnormal. Some employees have faced the hardship of job loss. Unemployment and CARES Act payments cannot be considered as included income; lenders look for consistent income. If you have lost your job and are seeking new employment, it would be advantageous to seek a job within the same industry, as this demonstrates employment consistency. Lenders also look for consistency in the form of guaranteed minimum pay. One full time job is viewed more favorably than two part time jobs, but consistent income from two part time jobs over a two year period can be countable income.
  • Beware of scams. If it seems too good to be true, it probably is. Don’t hand over your bank account information to individuals and companies offering jobs or financial assistance.


Remember that homeownership is attainable, even during this time. These are steps that one can take at all stages of the process – this includes both current clients within the Landis Program and those who are working towards entering the program. If you do not yet qualify to be part of the Landis Program and would like to schedule a call to learn more about what you can do, please email us at Landis is here to help you!

Lindsay leads Client Success at Landis. She is passionate about helping families attain homeownership.