Delaware Veteran Loans Delaware Veteran Loans are mortgage loans for Veterans that are made by mortgage lenders such as banks or mortgage brokers but are backed by the United States Government through the Veterans Administration. The GI Bill that was signed into law in 1944 by President Roosevelt created the home loan program for Veterans…
Delaware First Time Home Buyer Tips – Loan Process for Home Purchase Here is a Step-by-Step Guide to the Loan Process for purchasing a home from start to finish: 1. Pre-approval – Get pre-approved for a mortgage and know in advance exactly how much house you can afford. Completing this step will also increase your…
Delaware First Time Home Buyer Tips – What Banks Look for in Home Loan Applications Once your loan application is filled out and sent to the lender for review, the first thing they will look for is your ability to pay back the loan you are requesting. My team and I at Primary Residential Mortgage…
Delaware First Time Home Buyer Tips – Credit Tips That Will Score Lower Interest Rates A good credit score translates into lower interest rates for home-shopping borrowers. In a mortgage lender’s eyes, the higher your score is, the less risk you are, and the more likely it is you will pay off your debt. For…
What is a USDA Rural Housing Home Loan? USDA Stand for the United States Department of Agriculture. The loan is designed to provide financing for borrowers in designated areas who wish to borrow up to 100% of the appraised value. The loan is guaranteed by the government through the Rural Housing Division of the USDA….
Delaware FHA 203k Loan Overview The FHA 203k Renovation Loan in Delaware is a great way to purchase a new home in Delaware in need of repairs or renovate your current home. Think of it as a one-time-close construction loan but with more relaxed standards because it’s insured by FHA. Below are some of the…
Delaware USDA Rural Housing Loans – Property Eligibility How do you determine if a property in Delaware is eligible for financing through the USDA Rural Housing Loan program? You can enter the property address at the following website http://eligibility.sc.egov.usda.gov The address will be displayed on the map and it will state whether eligible or not…
Is There a Delaware Transfer Tax on a Refinance There is no Delaware Transfer Tax on a refinance, this is a common question but there can never be a transfer tax on a refinance because a transfer is when the property changes hands from one owner to another. The tax on a refinance is called…
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