First Time Homebuyers: Changing Jobs Under Escrow (INTERVIEW) - 473
How to Buy a Home: The #1 First Time Home Buyer Podcast
David Sidoni
4.8 • 891 Ratings
🗓️ 17 April 2026
⏱️ 52 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
Think you’ll lose your home if you change jobs during the buying process? This real buyer story breaks down what actually happens—and when it’s okay.
One of the most common fears for first-time homebuyers is making a mistake that could kill their deal. Changing jobs during escrow is often seen as one of the biggest risks—and for good reason. Lenders rely heavily on stable income to approve your loan. In this episode, a buyer shares what happened when they were promoted and switched to a new full-time job while already under contract. The timing couldn’t have been tighter—their first paycheck from the new role came just days before closing.
Despite the stress, the deal still went through. Why? Because the job change stayed within the same field, the income remained consistent, and—most importantly—the lender was informed and able to adjust the loan in time.
“You can change jobs… I don’t recommend you do it a couple days before you close.” – David Sidoni, First Time Homebuyer Coach
Highlights
- What really happens if you change jobs during escrow?
- Can a promotion actually help your loan approval instead of hurting it?
- How much does staying in the same field matter to your lender?
- What should you do immediately if your income situation changes before closing?
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David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with two decades of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer.
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Transcript
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| 0:00.0 | This young couple bought a $490,000 home in Philadelphia, and they did it in February of 2026. |
| 0:08.0 | Yes, first quarter of 2026 has been a first-time homebuyer bonanza. |
| 0:13.0 | The number of first-time homebuyers is up 38% for the first quarter. |
| 0:17.0 | And in this interview, they're going to give you all the tips that help them be one of those |
| 0:21.6 | first-time homebuyers when everyone else thinks it's impossible. They did their planning. |
| 0:26.3 | They talked about knowing your numbers as a really important part of it. And they said to make sure |
| 0:30.8 | that you've got strategic advisors because according to them, you don't have to do this alone. |
| 0:36.4 | And pay attention because there's a special bonus section at the end after we turn the microphones off. They said something else that was so cool, I had to turn the mic back on and share it with you. Time for another real life story. Let's hear it. How to buy a home educates, protects, and connects first-time home buyers to qualify bedded realtors in their area, |
| 0:55.2 | whether you're looking for DIY information or step-by-step guidance. |
| 0:58.8 | How to buy a home is the number one resource for first-time home buyers. |
| 1:03.3 | Hi, everybody. I'm very excited. I've got Rich and Polita. |
| 1:07.2 | Polita, am I saying that right? Yes. |
| 1:09.7 | Awesome. Rich and Polita and there are two cats that right? Yes. Awesome. |
| 1:15.0 | Rich and Polita and there are two cats in the background who are awesome. |
| 1:19.0 | And they just closed on a home. |
| 1:23.3 | Oh, right over to Valentine's Day, February 17th. That's awesome. |
| 1:24.9 | And they've taken the time to come and chat with us today. |
| 1:27.7 | So welcome to the show, you guys. |
| 1:29.7 | Thanks so much for being here. |
| 1:31.4 | Thank you so much for having us. |
| 1:32.9 | Definitely super excited. |
| 1:34.3 | Recently closed on the first time. |
... |
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