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VOE Only Loan Program

John Thomas November 14, 2023 Tags: Verification of Employment Loans, VOE Loans, VOE Only Loans

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: Bridge Loan HELOC, Bridge Loans

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: Construction Loan, Jumbo One time Close Construction Loan, OTC Construction Loan

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...

Foreign National Loans

John Thomas October 4, 2023 Tags: Foreign National Loans

Foreign National Loans for purchase or refinance of investment properties in the United States by International borrowers. Are you a non-U.S. citizen dreaming of owning property in the United States? The American real estate market has long been a beacon of opportunity for investors and homeowners from all over the world. However, securing a mortgage as a foreign national can be a complex and daunting process. The good news is that there are specialized loan programs designed to make property ownership in the U.S. a reality for non-residents. The John Thomas Team with Primary Residential Mortgage is proud to offer financing for Foreign Nationals for non-US Citizens to invest in the United States Real Estate Market, give us a call at 302-703-0727 to get started or APPLY ONLINE. Keep Reading...

DSHA Delaware Diamond DPA Program

John Thomas June 7, 2023 Tags: Delaware Down Payment Assistance, Delaware First Time Home Buyer, Delaware mortgages, DSHA Delaware Diamond DPA Program

DSHA Delaware Diamond DPA Program refunded January 30, 2024 and gives Delaware Essential Workers $10,000 toward purchasing a home in Delaware. If you are a current Delaware Resident living and working in Delaware as an “Essential Worker” then don’t miss this opportunity to get $10k from the Delaware State Housing Authority to help you purchase a home. Limited Funding so call now to get started at 302-703-0727 or APPLY ONLINE.

WHAT ARE THE GUIDELINES FOR THE DSHA DELAWARE DIAMOND DPA PROGRAM?

The DSHA Delaware Down Payment Assistance Program (DPA) will be a soft second mortgage loan for $10,000 toward closing costs & down payment. The loan will be forgiven after 10 years. In order to qualify must be employed in Delaware as an Essential Worker. Below are the guidelines for the Program: Keep Reading...

DSHA Home Sweet Home DPA Program

John Thomas June 6, 2023 Tags: Delaware Down Payment Assistance, Delaware First Time Home Buyer Programs, DSHA, DSHA Home Sweet Home DPA

DSHA Home Sweet Home Down Payment Assistance Program provides $12,000 toward down payment and closing costs to eligible home buyers purchasing in Delaware and was just refunded January 30, 2024. If you are a Delaware home buyer then you don’t want to miss out on your chance to get from the State of Delaware to help you purchase your home. You don’t even have to be a Delaware First Time Home Buyer, you can be a repeat home buyer. Find out if you qualify by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE. Keep Reading...

Mobile Home Loans on Leased Land

John Thomas April 24, 2023 Tags: Mobile home Loans, Mobile Homes Leased Land

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. Mobile Home Loans allow you to purchase a mobile home for a primary residence, second home or as an investment property. If you want to find out how much you qualify for, call the John Thomas Team with Primary Residential Mortgage at 302-703-0727 or APPLY ONLINE.

What are the Guidelines for Mobile Home Loans on Leased Land?

Mobile Homes on Leased Land require special financing because the property is not considered real estate but Chattel which means traditional loan types will not work such as FHA, VA, USDA or Conventional as these loan types only work for Manufactured Homes on permanent foundations. These specialized chattel loans for mobile homes have the following guidelines: Keep Reading...

1099 Income Mortgage Loan Program

John Thomas November 22, 2022 Tags: 1099 Income Mortgage Loan, Self employed mortgage loan

The 1099 Income Mortgage Loan Program is a loan program designed specifically for independent contractors that receive a 1099 form at the end of the year. This programs requires NO TAX RETURNS! Qualify off your 1099 income only!! This special loan program is also called an Independent Contractor Mortgage. Most independent 1099 Contractors make good income but show very little on their tax returns because of write offs. The solution to this challenge is the 1099 Income Mortgage Loan Program. Get started today by calling us at 302-703–0727 or APPLY ONLINE. Keep Reading...