We were both young
When we first saw it
A pretty house, with a little porch
It's looking bare
Got a balcony that needs a chair

See the yard, see the windows, the big rooms
See the kitchen, the old iron stove, the wooden floors,
What could we want more?

We said we want it now and let's go make an offer
And my agent said, stay away, it's been foreclosed
But we said, we'll get an inspection,
Begging, we want to know

And he said,

Talk to your bank now,
Cuz you're gonna need a loan,
Things have tightened but they might throw you a bone,
You'll sign some papers, but I have a pencil
It's a long shot, but, maybe they'll say Yes

So I pull out my collection of papers
My old taxes and my double-u-2's
So does my wife
Except she don't have a credit score

Woah-oh, and we just didn't know
What we were getting into
The lady said, oh, we're gonna need some paystubs
That's not everything, you'll see,
We were begging her, don't say no

And I said,

Bank lady, we'll do anything to get a loan
Here's our records, we signed all the dotted lines
We're pretty smart, and we've got a budget
Get a loan for me, lady, just say yes
Get the appraisal, just ignore the plumbing deal
It's pretty typical, still a steal
Don't be afraid, we'll clean up the upstairs mess
Get a loan for me, lady, just say yes

We got tired of waiting
Wondering if she was ever coming around
The seller's acting shady
But we know they won't just tear it all down

And I said,

Bank lady, save me, we just want a little loan
Puttin' down twenty, where else can we get it from?
Are we good as dead, are we too much a risk?
She reached in her file, and yelled, look at this!

And said,

Sign all these papers, we're guaranteeing you a loan
We'll lock rates and that's all you need to know
The house isn't bad, for being a foreclosed mess
It's a loan for me, Bank lady said yes!

(We were both young when we first saw it…)