Watch the Video: Asset Qualifier Loan Program Explained The Asset Qualifier Loan Program allows borrowers to qualify for a mortgage using verified assets instead of income documents. Lenders convert your liquid assets into an income-equivalent figure, requiring no job, no tax returns, and no W-2s. This program is designed for retirees, self-employed borrowers, investors, and…
A Veteran using a VA loan with 100% financing can typically reach break-even in about 2–3 years, even when the VA funding fee is financed into the loan. Using a $400,000 purchase price and a 4% annual appreciation rate, equity is built mostly through home price appreciation rather than early principal pay-down. Veterans who are…
A 50-year mortgage is not available today for homebuyers. The idea recently gained attention after Donald Trump suggested he may explore longer mortgage terms—such as 40- and 50-year options—if elected, as a possible response to the housing affordability crisis in the United States. The only long-term option that currently exists is the FHA 40-year loan…
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…
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…
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…
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. What Is a Land Loan? A land loan—also known as a vacant land loan or lot loan—lets you purchase…
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…
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