FHA Loans

FHA Loans

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...

DSHA FHA 203k Loan Program: Renovate Your Home with 5% Down Payment Assistance

John Thomas July 19, 2025 Tags: , ,
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Are you buying a home in Delaware that needs repairs or updates but short cash to close? The DSHA FHA 203k Limited Loan Program is a powerful mortgage option that allows you to finance both the purchase and renovation of a primary residence—with help from the Delaware State Housing Authority’s (DSHA) 5% down payment and closing cost assistance to make your home purchase more affordable.

This is a top option for first-time homebuyers in Delaware looking to purchase and renovate with one streamlined loan and get a 5% DPA Program. Find out if you qualify today by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE. Keep Reading...

FHA Loan Limits 2025

John Thomas December 1, 2024 Tags: ,
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The Federal Housing Agency (FHA) released its FHA Loan Limits 2025 on November 26, 2024. The FHA Loan Limits have increased and will be available for FHA borrowers for purchase or refinance with FHA case numbers assigned on or after January 1, 2025. The increase in loan limits will increase the purchasing power for home buyers as well as allow homeowners to tap into more of their existing equity on a FHA Cash Out Refinance. If you want to apply for a FHA loan or have questions, give the John Thomas Team a call 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...

FHA Student Loans Guideline Update 2021!

John Thomas June 25, 2021 Tags: , , ,
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FHA Student Loans – HUD just announced new guidelines about how student loan payments should be considered when buying or refinancing a home, to align better
with the current industry standards. This new update makes it even easier to qualify for a FHA Mortgage loan with student loan debt. If you need to apply for a FHA Loan to purchase or refinance call John Thomas at 302-703-0727 or APPLY ONLINE.

These are BIG CHANGES, so we recommend that you have your mortgage pre-approval re-evaluated if you were denied or if you wanted a higher purchase price as the new FHA Student Loan Guidelines could allow you to qualify for a higher mortgage amount. Keep Reading...

How CAIVRS Report Can Prevent You From Getting A Loan

John Thomas August 26, 2020 Tags: , , , ,
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If you’re applying for a mortgage backed by the government like an FHA loan or VA loan, your lender will run a CAIVRS check before approving your loan.

This little-known government database, called U.S. Department of Housing and Urban Development Credit Alert System (CAIVRS), checks for specific types of credit defaults that could affect your mortgage loan approval. If you want to get pre-approved for a Mortgage Loan program to purchase or refinance a home please call the John Thomas Team at 302-703-0727 or APPLY ONLINE.. Keep Reading...

Delaware FHA Loan Limits 2020

John Thomas May 10, 2020 Tags: , ,
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Delaware FHA Loan Limits 2020 were increased effective January 1, 2020. All three counties of Delaware had the FHA loan limit increased in 2020. The Federal Housing Agency (FHA) raised the loan limits from the increased “floor” of $331,760 to the highest areas at $765,600. If you need to apply for a FHA Loan to purchase or refinance call John Thomas at 302-703-0727 or APPLY ONLINE.

On December 3, 2019, FHA issued Mortgagee Letter 19-19 effective for FHA case numbers assigned on or after January 1, 2020. The National mortgage low cost loan limit is set at 65% of the conforming loan limit which is $510,400. The National Low Cost Area FHA Loan limit is set as follows: Keep Reading...

Good Neighbor Next Door Program

John Thomas May 17, 2019 Tags: , , ,
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If you wish to purchase a home and you’re either a law enforcement officer, firefighter, teacher or emergency medical technician, the Good Neighbor Next Door Program may have the best deal available for you!

It’s called the Good Neighbor Next Door Program—a reward by the US Department of Housing and Urban Development (HUD) for America’s “good neighbors.”

The Benefits of Good Neighbor Next Door Program in a Nutshell

  • Buy HUD REO homes for 50% off list price with today’s current mortgage rates.
  • Pay only $100 down payment when you buy any eligible HUD home at half-off its price.

How Does the GNND Program Work?

Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door program (GNND). Properties are available for purchase through the program for Seven days. Keep Reading...