Mortgage Loans

Mortgage Loans

Delaware Mortgage Loan Officer John Thomas

John Thomas May 9, 2020 Tags: , ,
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Delaware Mortgage Loan Officer John Thomas works for Primary Residential Mortgage, Inc. in Newark, Delaware as an Originating Branch Manager. Primary Residential Mortgage, Inc. is a Delaware mortgage lender that is a direct lender and mortgage servicer. We can find you the best mortgage interest rate because we have the best of both worlds, being mortgage bank and a mortgage broker. John Thomas is licensed to lend in Delaware, Maryland, Virginia, Pennsylvania, and New Jersey. Call 302-703-0727 to apply for a mortgage loan or APPLY ONLINE. Keep Reading...

Delaware USDA Loans Income Limits 2020

John Thomas May 7, 2020 Tags: ,
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Delaware USDA Loans Income Limits 2020 announced May 4, 2020 by Rural Development. The household income limits in Delaware have increased in all three counties. Anyone looking to purchase a home with a Delaware USDA Rural Housing Loan now has more leeway to qualify as income limits have gone up. If you want to get pre-approved for a USDA Loan to purchase a home please call 302-703-0727 or APPLY ONLINE.

What are the USDA Rural Housing Loan Income Limits for 2020?

The household income limit is based on the number of people in the household that will occupy the property. The income limits are set based on 1-4 people household, 5-8 people households and then excess of 8 people households. Below is the chart showing Delaware USDA Loans Income Limits for 2020: Keep Reading...

Delaware VA Loan Limits 2020

John Thomas April 25, 2020 Tags: , ,
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Delaware VA Loan Limits for 2020 depend on whether a qualified Delaware Veteran has full entitlement or not. Veterans with full entitlement have no loan limits in Delaware or any other state for a Delaware VA Loan. The maximum VA loan limit was eliminated with the Blue Water Navy Vietnam Veterans Act of 2019. If a Veteran has reduced entitlement then the VA Loan Limit will be the same as the Federal Housing Finance Agency (FHFA) conforming loan limit for the county. If you are a Delaware Veteran and want to find out the maximum VA loan you qualify for, give us a call at 302-703-0727 or get started online at APPLY ONLINE Keep Reading...

Delaware Conventional Loan Limits 2020

John Thomas November 29, 2019 Tags: , , ,
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Delaware Conventional Loan Limits for 2020 are increasing!! The Conventional conforming loan limit is being raised for 2020 as announced by the Federal Housing Finance Agency (FHFA) on November 26, 2019. The new loan limits will go into effect for loans delivered January 1, 2020 and after. Loan Limits for one-unit property mortgages sold to Fannie Mae and Freddie Mac will increase nationwide from $483,350 in 2019 to $510,400 in 2020. If you are looking to get more information or would like to apply to get pre-approved for a mortgage loan give John Thomas a call at 302-703-0727 or APPLY ONLINE Keep Reading...

Nurses Home Loan Program

John Thomas September 4, 2019 Tags: , , , , , , , , ,
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The Ultimate Loan Program That Benefits Nurses, Physical Therapists, and People in the Medical Industry!

Are you a nurse, physical therapist, veterinarian, dentist or someone working in healthcare? Here’s the home loan program made especially for you! The Nurses Home Loan Program. For all the things that you do—it’s time someone helps you too! Call 302-703-0727 to get started today or you can APPLY ONLINE.

The Nurses Home Loan Program was designed to help nurses, as well as other healthcare providers, benefit from a housing loan that removes the roadblocks often encountered by people from the healthcare sector. Keep Reading...

VA Renovation Loan Program

John Thomas July 12, 2019 Tags: , , , , , , , , , ,
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This VA Loan Helps Finance Veterans’ Home Renovations!

VA Renovation Loan – We respect and value our Veterans. That’s why we have a special loan program that will help Veterans finance their home renovations. So if you’re a Veteran who is eager to build equity by upgrading your property, call us today at 302-703-0727 to get started, or you can APPLY ONLINE.

What Is a VA Renovation Loan?

The VA renovation loan is a VA-guaranteed loan program that allows qualified homebuyers to purchase or refinance a home and finance its repairs, renovations and/or improvements. It is a one loan and one closing that includes an escrow account to make the repairs after closing. Keep Reading...

ITIN Loan Program

John Thomas June 7, 2019 Tags: ,
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ITIN Loan Program Takes Foreigners and Immigrants Closer to the American Dream!

Are you a foreign national or immigrant who wants to own a home in the US? The ITIN Loan Program may be the perfect solution for you. The Individual Tax Payer Identification Number mortgage loan provides financing for the purchase or refinance of a home foreigners or immigrants who may not meet the requirements for more traditional mortgage loans because they do not have a social security number. Call 302-703-0727 to get started applying for an ITIN Loan or APPLY ONLINE. Our ITIN Program is designed for borrowers who live and work in the US, that have a valid ITIN number and file US tax returns under their ITIN. Borrowers can be W2 or Self-Employed. Keep Reading...

Investor Cash Flow Loan Program – DSCR Loans

John Thomas May 29, 2019 Tags: ,
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Grow Your Real Estate Investments! Take an Investor Cash Flow Loan

Are you a Real Estate investor who is hoping to maximize your earning potential? Then we’re excited to present you with the DSCR Investor Cash Flow Loan Program for the purchase or refinance of an investment property without having to document your income to qualify. We will qualify you off the cash flow of the property you are buying or refinancing. Call 302-703-0727 to get started today or you can APPLY ONLINE.

Now What Is an Investor Cash Flow Loan aka DSCR Loan?

The Investor Cash Flow Mortgage Loan or DSCR Loan allows a real estate investor to use the cash flow on the subject property to be used to qualify for the new mortgage loan. The program covers loans for non-owner occupied properties between one and four units. No tax returns or employment information is required to qualify for the loan. There is no limit to the number of financed properties. This innovative program can be used effectively to build a portfolio of income generating properties. Keep Reading...