(302) 703-0727

(302) 703-0727

DSHA Welcome Home Mortgage Loan

John Thomas June 27, 2024 Tags: ,
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DSHA Welcome Home Mortgage Loan Program provides Delaware first time home buyers with below market interest rates home loans to make purchasing your first home affordable. If you are looking to purchase your first home in Delaware and have not owned a home in the past 3 years then this first time home buyer loan program may be the perfect solution to get you into your first home. Get started today by calling 302-702-0727 or APPLY ONLINE

What are the Guidelines for the DSHA Welcome Home Mortgage?

In order to qualify for the Welcome Home Mortgage Program, potential Delaware home buyers must meet the following guidelines: Keep Reading...

Renovation HELOC Loan Program

John Thomas June 24, 2024 Tags:
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If you have limited equity in your home and want to renovate, you are forced to either tap into your savings or simply wait. Not Anymore! The John Thomas Team with Primary Residential Mortgage is happy to announce our new Renovation HELOC Loan Program. You can now get a second mortgage to tap into your equity without refinancing your first mortgage. Get started Today! Call us at 302-703-0727 or APPLY ONLINE.

What is a Renovation HELOC Loan?

A Renovation HELOC Loan will boost your borrowing power by calculating the after renovation value (ARV) of our home to determine how much you can borrow. Unlike typical home improvement loans, our Renovation Home Equity Loan is a line of credit that you can borrower against for up to 10 years that does not require refinancing. Keep Reading...

P&L Mortgage Loan

John Thomas February 25, 2024 Tags: , ,
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P&L Mortgage Loan for Self Employed Borrowers Looking for an alternative to qualifying for a mortgage versus using the traditional tax returns. The Profit & Loss Loan (P&L) allows self employed borrowers to qualify on an accountant prepared P&L, bypassing traditional income verification. The P&L mortgage loans significantly reduces the complexity of the loan application process by eliminating the need for exhaustive tax returns, 4506-C forms, or extensive bank statements. Avoid the hassle of providing Tax Returns to qualify for a mortgage and call the John Thomas Team today at 302-703-0727 to get started or APPLY ONLINE. Keep Reading...

Conventional Loan Limits 2024

John Thomas January 5, 2024 Tags: ,
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Conventional Loan Limits 2024 have increased to $766,550 for a 1 Unit Property. This is a 5.56% increase when compared to the Conventional loan Limit for 2023 of only $726,200. The Conventional High Balance Loan Limit for 2024 also increased and is now $1,149,825. The conventional loan limit is the limit for the maximum amount you can borrower before it becomes a Jumbo Loan. Take advantage of these higher loan limits today by giving the John Thomas Team with Primary Residential Mortgage at 302-703-0727 or APPLY ONLINE. Keep Reading...

FHA Loan Limits for 2024 Released

John Thomas November 29, 2023 Tags: ,
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The Federal Housing Agency announced the release of its much anticipated New FHA Loan Limits for 2024 effective with FHA case numbers assigned on or after January 1, 2024. This is exciting news for aspiring homeowners as it increases purchasing power for FHA borrowers. FHA set a new higher floor loan limit so all FHA loan limits have increased for 2024. If you want to apply for FHA Loan please give the John Thomas Team a call at 302-703-0727 or APPLY ONLINE.

Key Highlights of the 2024 FHA Loan Limits

FHA Loans have a maximum loan limit set each year by the Department of Housing & Urban Development (HUD). HUD released the new loan limits in Mortgagee Letter 2023-21. The FHA Loan Limits apply to the following FHA Loan Types: Keep Reading...

VOE Only Loan Program

John Thomas November 14, 2023 Tags: , ,
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VOE Loan Program only requires a verification of employment (VOE) only for income qualification, No other income documents are required. This loan program can be used by employees to qualify for a mortgage loan with only a VOE for purchase, rate & term refinance or a cash-out refinance. In the dynamic landscape of real estate and mortgage financing, staying ahead of the curve is crucial for both homebuyers and industry professionals. One innovative solution that has gained traction in recent times is the Verification of Employment (VOE)-Only loan program. You can get started today by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE. Keep Reading...

Bridge Loan HELOC

John Thomas October 29, 2023 Tags: ,
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Bridge Loan HELOC leverage your current home’s equity to ensure smooth home transitions with no home sale contingencies. For homeowners embarking on the exciting journey of buying a new home while still holding on to their current property, the challenges can be quite demanding. This is where Bridge Loan HELOCs (Home Equity Line of Credit) come into play as a valuable financial tool. In this blog post, we’ll delve into the world of Bridge Loan HELOCs tailored to homeowners who need to unlock the equity in their current home to facilitate the purchase of their dream home. Get Started Today by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE. Keep Reading...

Jumbo One Time Close Construction Loan

John Thomas October 26, 2023 Tags: , ,
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Building your dream home from the ground up is an exciting journey, but it often comes with its own set of challenges, especially when it comes to financing. Jumbo One Time Close Construction Loans offer a unique and convenient solution for those looking to build their dream home in a luxury market that will exceed the conforming loan limit. In this blog post, we will explore the key features, benefits, and considerations of jumbo one-time close construction loans. If you would like to apply for a Jumbo OTC Construction Loan give the John Thomas Team a call at 302-703-0727 or APPLY ONLINE. Keep Reading...