Delaware First-Time Home Buyer

Delaware First-Time Home Buyer

Delaware First Time Home Buyer Seminar – February 18, 2012

John Thomas January 13, 2012 Tags: ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, February 18, 2012, at 10:00 AM till Noon and again at 1:00 PM till 3:00 PM. The seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. Keep Reading...

Delaware First Time Home Buyer Seminar – January 14, 2012

John Thomas December 16, 2011 Tags: , ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, January 14, 2012, at 10:00 AM till Noon and again at 1:00 PM till 3:00 PM. The seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. Keep Reading...

Delaware First Time Home Buyer Seminar – December 17, 2011

John Thomas November 17, 2011 Tags: , , ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, December 17, 2011, at 10:00 AM till Noon and again at 1:00 PM till 3:00 PM. The seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. Keep Reading...

Delaware First Time Home Buyer Seminar – November 19, 2011

John Thomas October 20, 2011 Tags: , , ,

Delaware First Time Home Buyer Seminar

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, November 19, 2011, at 10:00 AM till Noon and again at 1:00 PM till 3:00 PM. The seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. Keep Reading...

Delaware Mortgage Bond Program Update – October 2011 – Bank of America exiting servicing

John Thomas October 9, 2011 Tags: ,

Delaware Morgage Bond Program administered by the Delaware State Housing Authority (DSHA) is below market interest rate loans for first time home buyers that are sold to Bank of America to service. Bank of America announced on October 3, 2011, to all of the lenders that make DSHA loans that it is exiting the business of servicing these loans and all loans must be delivered by December 14, 2011, or they will not buy them.

What does this mean for you? You must close your DSHA loan by November 7th for almost all lenders so that they have time to sell the loan to Bank of America by December 14, 2011. DSHA has not announced that it has anyone else that has agreed to service these Mortgage Bond loans so if no one is found by November 7th there will be a lapse in the ability of a borrower to get these loans. If you are using the program for the SMAL loan for down payment assistance then you may have other options from New Castle County or City of Wilmington or City of Newark. If you are just using the first mortgage program then you can just switch to a regular FHA loan but the interest rate will be slightly higher. Keep Reading...

Delaware Mortgage Bond Program No longer can use USDA Loan – October 1, 2011

John Thomas September 26, 2011 Tags: ,

Delaware Mortgage Bond Program is the State of Delaware’s first time home buyer program that offers below-market interest rates to qualified first time home buyers. The program has traditionally been used for Conventional mortgages, FHA mortgages, VA mortgages, and USDA rural housing loans.  The loan program is administered by the Delaware State Housing Authority (DSHA) and the servicing of the loans is currently done by Bank of America. Bank of America announced today that they will not be servicing any more USDA loans that do not have a loan commitment from Rural Development by October 1, 2011. Keep Reading...

Delaware First Time Home Buyer Seminar – October 15, 2011

John Thomas September 25, 2011 Tags: , , ,

Delaware First Time Home Buyer Seminar – There will be a Free Delaware First Time Home Buyer Seminar on Saturday, October 15, 2011, at 10:00 AM till Noon and again at 1:00 PM till 3:00 PM. The seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans. Keep Reading...

Delaware First Time Home Buyer Seminar – September 17, 2011

John Thomas September 1, 2011 Tags: ,
Sheraton Dover Hotel

Free Delaware First Time Home Buyer Seminar on Saturday, September 17, 2011, at 1:00 PM in Dover, DE. The seminar will last about 2 hours and each participant will be able to receive a free copy of their tri-merge credit report. The seminar will cover all of the basics of buying a new home in Delaware. The seminar will cover Delaware FHA loans, Delaware VA loans, Delaware USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Delaware FHA 203k Rehab loans.

Each participant will receive a Free Audio CD on Homebuying 101, Credit Scoring Handbook, Homebuying Handbook, and an opportunity to meet with a mortgage planner to be pre-approved to buy a home at the seminar. You will also learn the importance of credit in buying a home and learn valuable tips on how to improve your credit score. Learn what programs are available to help with down payment and closing costs. The new loan limits for conventional and FHA will be covered as well as changes to borrowing 100% financing. Your presenter is the author of the new book, Your Guide to Buying Your First Home in Delaware. The Seminar is being held at The Seminar is being held at The Sheraton Hotel at 1570 North DuPont Highway, Dover, DE 19901

from 1:00 PM till 3:00 PM. To register for the seminar, please call 302-588-3665 and ask for John Thomas. You can also e-mail me at DelawareMortgages@yahoo.com or you can register online at www.delawarehomebuyerseminar.com Keep Reading...