Tag Delaware First Time Home Buyer

Tag Delaware First Time Home Buyer

PRMI Dream Maker Down Payment Program

John Thomas September 25, 2017 Tags: ,
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PRMI Dream Maker Down Payment Program

PRMI Dream Maker Down Payment Program

Are ready to buy a home but don’t have the 3.5% down payment required by FHA? Or can’t get a gift for the down payment?  We have a loan program for you that will lend you 100% financing with a FHA Loan and our PRMI Dream Maker Down Payment Program.  Call us today at 302-703-0727 to started on the process or go online at Dream Maker Online Application

What are the Qualifications for the PRMI Dream Maker Down Payment Program?

The requirements to qualify for the Down Payment Assistance are as follows:

  • 620 Minimum FICO score for all borrowers
  • No Income Limits to qualify!
  • Must be purchasing the property as Primary residence
  • Eligible to get as much as $13,700 for down payment
  • No Home Buyer Education Required
  • Second Mortgage Amount up to 3.5% of purchase price
  • Forgivable Soft Second Mortgage if under 115% of Average Median Income (AMI)
  • Non-Occupant Co-Borrowers are Allowed
  • Must Receive Approve/Eligible Response from Automated Underwriting System (AUS)

What are the terms of the Down Payment Assistance Loan?

The down payment assistance is for home buyers purchasing a primary residence with a FHA loan only.  Down Payment Funds are not available if using a conventional, VA or USDA loan.  You are allowed to use a non-occupying co-borrower on the loan in order to income qualify but all borrowers must have a minimum 620 middle FICO score.  If you are under the 115% limit for Average Median Income Limit for the area you are purchasing the home then you are eligible for a Soft Second Mortgage for 3.5% of the purchase.  After you make 36 on time payments to the first FHA mortgage loan then the soft second mortgage is forgiven and you do not have to pay it back. Keep Reading...

Delaware Home Buyer Seminar June 18 2016

John Thomas May 22, 2016 Tags: , , ,
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Delaware Home Buyer Seminar

There will be a Delaware Home Buyer Seminar on Saturday June 18, 2016 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover FHA loans, VA loans, USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the FHA 203k Rehab loans.

The Seminar is sponsored by The Neighborhood House so each participant will receive Delaware home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs such as Delaware State Housing Authority, New Castle County, City of Newark, City of Dover, and City of Wilmington. Keep Reading...

Delaware First Time Home Buyer Seminar May 30 2015

John Thomas May 2, 2015 Tags: , , ,
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Delaware Home-Buyer Seminar

There will be a First Time Home Buyer Seminar on Saturday May 30, 2015 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover FHA loans, VA loans, USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the FHA 203k Rehab loans.

The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs. Keep Reading...

Delaware Home Buyer Seminar March 14 2015

John Thomas March 8, 2015 Tags: , , ,
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Delaware Home-Buyer Seminar

There will be a First Time Home Buyer Seminar on Saturday March 14, 2015 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover FHA loans, VA loans, USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the FHA 203k Rehab loans.

The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs. Keep Reading...

Delaware First Time Home Buyer Seminar December 13, 2014

John Thomas November 23, 2014 Tags: , , , ,
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Delaware First Time Home Buyer Seminar There will be a Delaware First Time Home Buyer Seminar on Saturday December 13, 2014 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the Delaware FHA 203k Rehab loans. The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs. Keep Reading...

Dover Delaware Home Buyer Seminar April 12, 2014

John Thomas March 26, 2014 Tags: , , ,
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Delaware First Time Home Buyer Seminar on Saturday April 12, 2014 at 10 AM in Dover, Delaware. The seminar will last about 2 hours and each participate will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the Delaware FHA 203k Rehab loans. You will be able to get pre-approved at the seminar by a Delaware Mortgage Company. Keep Reading...

Delaware First Time Home Buyer Seminar April 19, 2014

John Thomas March 26, 2014 Tags: , , ,

Delaware First Time Home Buyer Seminar – There will be a Delaware First Time Home Buyer Seminar on Saturday April 19, 2014 at 10:00 AM till Noon. The seminar will last about 2 hours and each participate will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the Delaware FHA 203k Rehab loans. The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD approved home buyer counseling required for Delaware First Time Home Buyer Programs.
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Dover Delaware Home Buyer Seminar January 11, 2014

John Thomas November 23, 2013 Tags: , , , ,
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Delaware First Time Home Buyer Seminar on Saturday January 11, 2014 at 10 AM in Dover, Delaware. The seminar will last about 2 hours and each participate will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs and the Delaware FHA 203k Rehab loans. You will be able to get pre-approved at the seminar by a Delaware Mortgage Company. Keep Reading...