Delaware FHA Loans can be used for purchasing or refinancing a home in Delaware. FHA loans will lend up to 96.5% LTV for a purchase and 97.75% for a rate & term refinance.
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…
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…
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…
Is a FHA One Time Close Construction Loan right for you? Two isn’t always better than one. Let me explain. If you’re building your house from the ground up, you’ll most likely take a construction loan followed by a permanent loan. This scenario will require you to have 2 loans, which means you’ll have 2…
Delaware FHA Loan Limits for 2019 Delaware FHA Loan Limits for 2019 were raised in all three counties of Delaware effective January 1, 2019. The Federal Housing Administration increased its mortgage loan limits by almost 7% for the new year, mirroring the increase in conventional loans. The new base loan limit maximum was increased from…
John Thomas has ranked #1 Delaware FHA Lender on Ask a Lender’s annual list Ask a Lender put John Thomas at #1 Delaware FHA Lender and at #1 Newark, Delaware FHA Lender for 2018. Visit our Delaware FHA Loan page for more information on how we can get you into your dream home today or…
FHA Loan Limits for 2018 The Federal Housing Administration announced FHA Loan Limits for 2018 effective with FHA case numbers assigned on or after January 1, 2018. The Minimum maximum FHA loan limit is increasing from $275,665 to $294,515 which is a 6.8% increase in the floor loan limit for FHA loans. Do you need to get…
FHA Mortgage Insurance Premium Reduced January 27, 2017 FHA Mortgage Insurance Premium reduced January 27, 2017 by 0.25% on new FHA Loans. Monday January 9, 2017 HUD secretary Julian Castro announced FHA will reduce the annual mortgage insurance premium most borrower’s pay by 0.25% for new FHA loans originated on/or after January 27, 2017. Call…
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