Mortgage Loans

Mortgage Loans

VA Loan for Surviving Spouse Explained

John Thomas November 8, 2025
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Every Surviving Spouse Should Know: Your U.S. Department of Veterans Affairs Home-Loan Benefit May Still Be Available

 VA Loan for Surviving Spouse of a deceased Veteran is a little known VA benefit.  John Thomas, a VA Loan Expert with Primary Residential Mortgage, Inc. (PRMI), helps veterans, active-duty service members, and eligible surviving spouses access the full power of their VA home-loan benefits. Too often, surviving spouses of America’s heroes miss out on this valuable opportunity simply because they never knew they qualified. This article explains who is eligible, what benefits are available, and how surviving spouses can take advantage of the program their loved one earned through service to the United States.  Have questions or want to get started right away?  Call VA Loan Officer John Thomas at 302-703-0727 or APPLY ONLINE Keep Reading...

Non-QM Stand Alone Second Mortgages

John Thomas November 6, 2025 Tags: , , , ,
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Access your home’s equity without touching your low-rate first mortgage.

In today’s market, many homeowners are sitting on substantial home equity but hesitate to refinance because their current first-mortgage rate is far below today’s rates. That’s where a Non-QM Stand-Alone Second Mortgage—also known as a Closed-End Second Lien—can make perfect sense.  Tap into your equity without touching your first mortgage.  Income verification a problem?  Or high debt to income ratio keeping you from qualifying for a traditional HELOC?  Then give Home Equity Loan specialist John Thomas Loan Officer with Primary Residential Mortgage a call at 302-703-0737 or APPLY ONLINE

What is a Stand-Alone Second Mortgage?

A stand-alone second mortgage allows you to borrow against your home’s equity without touching your existing first mortgage. Rather than refinancing your entire balance into a higher-rate loan, you take out a second lien for a lump-sum amount, typically up to 90% combined loan-to-value (CLTV) based on your credit, income, and property type

These second liens are ideal for:

Debt consolidation – Pay off high-interest credit cards or personal loans.

Home improvements – Remodel, add an addition, or make energy-efficient upgrades. Keep Reading...

Mobile Home Loans on Leased Land

John Thomas November 2, 2025 Tags: , , , , , , , ,
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Mobile Home Loans for Leased Land allow someone to purchase a single wide or multi-wide mobile home that has a lot lease or in a mobile home park with a minimum credit score of 550. Mobile Home Loans allow you to purchase a single wide or multi-section mobile home for a primary residence or second home. Mobile home parks are welcome! Mobile Home Loans on Leased Land are also called Chattel Loans. Chattel Loans are not for purchasing real estate, as leased land means the borrower doesn’t own the land so it is not considered real estate. If you want to find out how much you qualify for to purchase a Mobile Home, call the John Thomas Team with Primary Residential Mortgage at 302-703-0727 or APPLY ONLINE. Keep Reading...

Land Loans – Vacant Land & Lot Financing with John Thomas, PRMI

John Thomas November 1, 2025 Tags: , , , , ,
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Updated for 2025 Last updated: November 1, 2025

Content reviewed and verified by John Thomas, Loan Officer (NMLS #38783) at Primary Residential Mortgage Inc. (PRMI) . Delaware land-loan guidelines and rates current as of Q4 2025.

2025 Market Update: As of November 2025, Delaware’s land-loan market remains

Buying land in Delaware? Whether you’re planning to build later or simply want to own acreage now, John Thomas and the PRMI team offer flexible land loan solutions for vacant lots, raw land, and recreational property. Keep Reading...

DSHA 4% Down Payment Assistance Returns for Delaware Home Buyers – John Thomas, Primary Residential Mortgage

John Thomas October 22, 2025 Tags: , ,
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DSHA Brings Back 4% Down Payment Assistance for Delaware Home Buyers

Great news for Delaware home buyers. The Delaware State Housing Authority (DSHA) has re-released its 4% Down Payment Assistance (DPA) program, giving eligible buyers more help with upfront costs when purchasing a home.  The program is available only in conjunction with their Home Again Mortgage Program.  Take advantage now by calling John Thomas Loan Officer at 302-703-0727 or APPLY ONLINE

How the 4% Down Payment Assistance Works

The assistance equals 4% of the first mortgage loan amount and can be used toward down payment and closing costs. The 4% DPA is available only with the DSHA Home Again Program. It is not available with the DSHA Welcome Home Program. Keep Reading...

VA Manufactured Home Loans

John Thomas October 20, 2025 Tags: , , , , ,
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VA Manufactured Home Loans: Single-Wide, Double-Wide & Multi-Wide (Expert Guide by John Thomas, PRMI)

Author: John Thomas, Loan Officer — Primary Residential Mortgage (PRMI)

Veterans and active-duty service members: if you’re exploring a manufactured home, your VA home loan benefit can be a powerful financing option. As a loan officer with Primary Residential Mortgage (PRMI), I help borrowers use VA loans to purchase eligible single-wide, double-wide, and multi-wide manufactured homes. This guide explains who qualifies, how to get your Certificate of Eligibility (COE), what property standards apply, and how to avoid common pitfalls—so you can move forward with confidence.  You can get started today by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE Keep Reading...

One-Time Close Construction Loan | Build Your Dream Home with One Loan

John Thomas October 17, 2025 Tags: ,
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Build Your Dream Home with a One-Time Close Construction Loan

By John Thomas, Loan Officer | Primary Residential Mortgage, Inc.

Have you been dreaming of building your perfect home from the ground up? With a One-Time Close Construction Loan from the John Thomas Team with Primary Residential Mortgage (PRMI), you can purchase your land and build your home—all with one simple loan and one closing. No need to juggle multiple loans, re-qualify after construction, or pay extra closing costs.  This is a much better option than the traditional Construction to Permanent Construction Loans as that is a two time close. Keep Reading...

FHA Manufactured Home Loans: What You Need to Know

John Thomas October 14, 2025 Tags: , , ,
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FHA Manufactured Home Loans: Purchase & Refinance Guide

Learn how FHA manufactured home loans work for purchasing and refinancing HUD-code manufactured homes. FHA loans are for primary residences only.

Manufactured homes can be an affordable path to homeownership, and the FHA manufactured home loan can make financing more attainable. In this guide, we cover eligibility, property requirements, how to use an FHA manufactured home purchase loan, and your options to refinance a manufactured home with FHA. Important note: FHA loans are for primary residences only—not second homes or investment properties.  If you would like to apply for a FHA Manufactured Home Loan to purchase or refinance a property, give John Thomas Team with Primary Residential Mortgage a call at 302-703-0727 or APPLY ONLINE. Keep Reading...

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