Ask a Lender Releases Rankings of The Top VA Mortgage Lenders by City and State

John Thomas has ranked #1 on Ask a Lender’s annual Best VA Lender list for #1 Delaware VA Lender and for #1 Newark, Delaware VA Lender for 2018. Visit our Delaware VA Loans page for more information on how we can get veterans into their dream homes or Call 302-703-0727 to get started today.

The John Thomas Team are Certified Military Lending Specialists and pride themselves on helping Veterans and their families with purchasing and refinancing their homes in Delaware, Maryland, Pennsylvania, New Jersey, and Virginia.  If you are a Delaware Veteran and looking for a local professional to help you understand the process and your VA benefits for a home loan, then give us a call and let us walk you through the process.  You can also APPLY ONLINE

What is the Ask a Lender Best of List for Delaware VA Lenders?

Ask a Lender, a unique platform that connects people with mortgage brokers and mortgage lenders directly, released 10 separate rankings of the nation’s best mortgage brokers and mortgage loan officers across various niches and loan types. 

The rankings are presented by city and state, which enables online home loan shoppers to find the top-performing mortgage lenders in their communities. The rankings are available online at www.askalender.com/TheBest.

Ask a Lender’s rankings are produced and audited in collaboration with Scotsman Guide Media, a leader in providing online and print resources for the mortgage industry for more than 30 years. Ask a Lender is a consumer-facing platform that provides online searches, educational articles and industry rankings for people nationwide.

What Is Ask A Lender?

Ask a Lender, www.askalender.com, is a unique online platform that uses a powerful lender-matching technology to connect people with brokers and lenders directly across a variety of loan types. Ask a Lender also provides financial information that helps people make informed borrowing decisions. See all rankings at www.askalender.com/TheBest.

For more information on Delaware VA Loans, visit our VA Lending page or contact the John Thomas Team at (302) 703.0727 or APPLY ONLINE.

Why did John Thomas win #1 Delaware VA Lender from Ask a Lender?

John Thomas was deemed to have served the most veterans in Delaware based on the rankings provided by the Scotsman Guide and also did not have any negative reviews from Delaware Veterans that would have disqualified him from being name the #1 Delaware Veteran Lender.  You can review past client testimonials to see how happy clients were to have worked with the John Thomas Team.

John Thomas also provides Veterans with needed industry updates such as the most recent change to Veteran loans to protect veterans from predatory mortgage lenders.  Understanding the guidelines to make sure every veteran has the best chance to receive an approval for a Delaware VA Loan is our top priority.  Just getting a Certificate of Eligibility (COE) for a VA loan is the first step, the most important step is receiving an approval from a VA underwriter which is where we excel at helping veterans.

What Veterans Loans do we provide to Delaware Veterans? Keep Reading...

Delaware VA Loan Update: Department of Veteran Affairs Cracking Down on Predatory Lending

Delaware Veterans & Lenders to Benefit from New VA Addendum that goes into Effect June 1, 2018.  Critical changes to the eligibility requirements for a Delaware VA loan and mortgages are on the horizon. If you have questions about the new guidelines or would like to apply for VA Loan call 302-703-0727 or APPLY ONLINE.  Ginnie Mae’s new implementation states that all VA refinance loans insured or guaranteed by the VA will only be eligible for government protection if it meets both of the following guidelines:

1. The refinance takes place 210 days (about 7 months) after the date on which the first monthly mortgage payment was made.
2. Six full monthly mortgage payments have been made before seeking a refinance.

These changes will go into effect on June 1, 2018 for all new Delaware Veteran Loans.

This addendum follows the increase in refinance loan officers who were abusing the system and aggressively targeting veterans who just purchased a new home promising lower rates on their monthly mortgages.  While on the surface, a lower mortgage interest rate seems beneficial, there are always hidden agendas and fees associated with these quick and risky VA IRRRL refinance loans.

While the government is protecting veterans with this change, local lenders will also find this Ginnie Mae enhancement beneficial. Previously, when VA loans were refinanced within six months of the original home purchase, the original VA lender ended up paying thousands in early payoff fees and the bond investors lost money which caused there to be less liquidity in the mortgage bond market  When there is less liquidity in the mortgage bond market then the consumer pays more money and higher interest rates.  With the new VA loan guidelines in effect, VA mortgage lenders will stop getting swindled out of large, unnecessary losses in revenue because of unscrupulous refinances lenders targeting veterans.

What does this mean for local Delaware veterans?

Delaware residents who are service members or military veterans will be able to purchase a home without receiving misleading and harassing offers to refinance their mortgage for a lower rate. Refinance shops will no longer be able to legally target veterans who are insured under a Delaware VA loan.

Residents secured by a Delaware Veteran Loan will still become eligible for refinance after making their sixth monthly mortgage payment and should remain cautious of risky refinance deals being thrown their way that cost a bunch of money that is rolled into the new loan to lower the monthly payment but 20-50 dollars. This recent VA addendum should be a great wake-up call that streamlining lower interest rates does not always benefit the homeowner.

Local lenders, like Primary Residential Mortgage, Inc., look out for their Veteran clients from the very beginning and work diligently to help them find the best VA  mortgage. Our branch has helped hundreds of military members/veterans in the Delaware secure a Delaware VA Loan.

Helping VA members find financial security via homeownership is an ongoing goal of ours and we plan to continue to protect these valued members of our community.  To speak to a VA loan officer or to get answers to your questions call us at 302-703-0727 or you can APPLY ONLINE for a VA mortgage loan.

Primary Residential Mortgage, Inc.

248 E Chestnut Hill Rd

Newark, DE 19713

302-703-0727