First Time Homebuyers Make My Heart Sing!

Mortgage and Lending with V.I.P. Mortgage

After 30 years in mortgage lending I can still say First Time Home Buyers Make My Heart Sing!  Yep!  When I get to close a loan for a first time buyer I go home at night with a warm feeling of accomplishment and personal satisfaction.  This is the feeling that truly keeps me going in this crazy market we are in.  First Time Home Buyers Musicare anxious, scared and excited!  And there is nothing that even compares to the joy of purchasing your first home.  They are not the biggest loans but they sure are the most fun.

This past week I was privileged enough to enjoy the singing three times!

Tuesday - I went to the first closing at 11:30 a.m.  This was for a young lady that really impressed me.  She is 25 years old, has a great credit score, 4 years on her job and managed to save $20,000 all on her own!  She was adamant that her house payment could not be over a certain dollar amount.  She and her agent found a great little house that needed just a little cosmetic updating.  We did an FHA loan and she has the funds to do the updating with savings left over.

The second closing of the day was at 2:30 p.m.  This was for a 29 year old young man - decent credit and anxious to have something of his own.  He's an electrician (and a good one!) who started his own business four years ago.  He and his agent found a property that was an estate sale - sold "as is".  The property needed a few repairs before we could close and thankfully, the sellers allowed him to do what needed to be done himself.  It was nothing expensive - just a lot of sweat and old fashioned elbow grease.

Thursday - found me at another closing at 5:30 p.m.  This one was for a fairly new Border Patrol agent.  Gosh!  I LOVE these Border Patrol guys.  He and his family were able to take advantage of the USDA program on a bank owned property.  This one needs some repairs too and my underwriter was willing to allow the repairs to be done within 24 hours of closing.  That doesn't happen at most mortgage companies.

Most days, I straddle the fence on the home buyer tax credit.  Home prices are down and interest rates are great.  Do we really need to be paying people to purchase homes?  But when I look at these three transactions, I feel pretty good knowing that these buyers will benefit.  All three of them worked hard and purchased homes well within their means.  And I got to end my week knowing that I helped all three realize the joy of being a First Time Home Buyer.

Posted by

Jane Penttinen, Sr. Loan Officer
NMLS #222178
Sunstreet Mortgage, LLC

Jane Penttinen (Sunstreet Mortgage, LLC - Sr. Loan Officer): Loan Officer in Tucson, AZ 

If you, your friends or family require the services of a mortgage professional, please don't hesitate to call me.  I am never too busy for any of your referrals.


Comments (7)

Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ

Jane what a great post!  It is such a great feeling to help these first timers. We've had so many of them this year and most are so excited and appreciative.  It is a joy to help them find their first home!

Nov 14, 2009 03:22 AM
Jane Penttinen
V.I.P. Mortgage - Tucson, AZ
NMLS #222178

Anna - Thanks for being the first to comment.  When I get to do this, I come home at night and cannot stop smiling.   All I can think is WOW!  I did something good today.

Nov 14, 2009 03:26 AM
Lee & Carol Barbour, REALTORS
Murphy and Hayesville, NC; Hiawassee, Blairsville, Blue Ridge GA - Murphy, NC
Mountain Living Team in Murphy NC and North GA

What a great week indeed, Jane. It's so rewarding being a part of someones future, especially when they've worked so hard toward that goal. Great post and great job Jane!

Nov 14, 2009 04:31 AM
Debbie Walsh
Shahar Management - Middletown, NY
Hudson Valley NY Real Estate 845.283-3036

Jane-great job!  This is why we do what we do!


Nov 14, 2009 06:04 AM
Jane Penttinen
V.I.P. Mortgage - Tucson, AZ
NMLS #222178

Lee & Carol - It's the best reward in our business and definitely keeps me going.

Debra - Isn't that the truth!  Just the look on their face when they get all done signing the closing docs makes it all so worth while.

Nov 14, 2009 06:48 AM
Jane Cross
Homes By Cross serving Charlotte NC Real Estate Needs - Charlotte, NC

Jane, I have always loved working with first time home buyers. They are so pleased with our services, and they always seem to give me a good in-depth review of what  I actually know! It is a nice win-win! Wonderful post.

Nov 14, 2009 12:21 PM
Jane Penttinen
V.I.P. Mortgage - Tucson, AZ
NMLS #222178

Jane - thank you.  they also help me to remember to not speak in "code".  LOL

Nov 15, 2009 02:16 AM