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1st Advantage Mortgage, Kim Murphy

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How First Time Home Buyers Program is Changing Lives for Young and Old Alike

Navigating the range of home loans to find the one that best meets your needs can be difficult, particularly if this is the first home you’re buying. Today First Time Home Buyer programs are making home ownership possible for buyers of all ages. Read how the First Time Home Buyer program is helping both young couples and seniors to make buying their first home a reality.

Lombard, IL, October 16, 2014 --( When 23 year old Dan Zima got engaged, he wanted to buy a home to start his married life in. Having graduated with a degree from Elmhurst college, Dan was just promoted to Operation Administration. In addition to the challenges of planning a wedding, now Dan was trying to stretch his savings to include having a down payment on a home.

When Kim Murphy, a loan officer with 1st Advantage Mortgage, told Dan about the First Time Home Buyers Program he was excited. The First Time Home Buyer program includes down payment assistance, below-market interest rates, and a variety of loan options to choose from including FHA, Conventional, VA, and USDA. To be eligible for the program, buyers must be first time homebuyers or have not owned a home in the last 3 years.

With only $1300 out of pocket, Dan was able to buy the perfect starter home in Hoffman Estates. Keeping costs of his mortgage low gave him the money he will need for his upcoming Fall 2015 wedding and home improvements. The program helped this young soon to be married man make the dream of home ownership a reality.

As we grow older, lifestyle changes can mean moving as well. Such was the case for 67 year old Harriet Hugo in Schaumburg. When her husband passed away several years ago, Harriet lived in an apartment. But now that she was doing child care for her daughter's kids, she needed more room. So Harriet decided to buy her first home.

Buying a home alone can be an intimidated process, especially when you are older. That's why finding a mortgage person who is patient, understanding, and can take the time to explain things is really important.

For Kim Murphy helping Harriet to get her first home was a labor of love. It meant so much to help her to experience independence and have the space she needed to enjoy time with her grandchildren. With Kim's help, the First Time Home Buyers program helped Harriet to get a mortgage for a 2 bedroom condo in Schaumburg.

Because of her ability to work with people in tough financial situations she is known as the ‘go-to’ person for mortgage advice help in the Western suburbs. In many cases, home ownership can be less expensive then rent. In Harriet's case, her monthly home loan payments ended up saving her about $300 per month. That's more money to help with food, expenses, and spoiling grandkids.

Kim shares that the decision to get in the mortgage business was a personal one. After getting a divorce, Kim found herself struggling to qualify for a mortgage. After several denied requests for a mortgage Kim poured herself into learning what she needed to secure a mortgage. Kim saw in many cases where mortgage companies took advantage of uneducated clients. What she learned helped her get the mortgage she desperately needed as a single mother to provide a home for her kids.

Kim is one of the most trusted mortgage lenders today because of her passion for helping people from all walks of life to become homeowners. Kim says, "When I say I am your mortgage professional for life I mean it. I stay through the whole process, hold your hand, answer your questions even years later after the loan has closed."

Being a mortgage lender gives Kim the flexibility to serve her community. This past summer she participated in Mudderella Chicago, a 5-7 mile obstacle course to raise money for abuse. Recently she participated in a fundraising Walk for Suicide Prevention Services. Being personally affected by the heartache of suicide, it's a cause near and dear to her heart that she promotes annually. She has also assisted in the Citizens Police Academy, local food drives, and other community events.

Kim hosts several free workshops educating others on First Time Homebuyers Programs and for about Purchasing and Selling a Home. Future workshops will focus on helping people in tough situations like post divorce, bankruptcy and shortsale/foreclosures to quality for a mortgage.

To learn more about dates for upcoming workshops or find out more about First time home buyer programs, contact Kim Murphy at 1st Advantage Mortgage.

If you are exploring the possibilities of home ownership, take a look at how the First Time Home Buyers program can work with your financial situation to help you buy a new home.
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1st Advantage Mortgage
Kim Murphy

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