Delaware First-Time Home Buyer | Get FHA, VA, USDA Mortgage Rates and Tips

First Time Home Buyer Tax Credit for 2009

John Thomas May 31, 2009

Here are the highlights for the First Time Home Buyer Tax Credit for buying a home in 2009.

10% of Sales Price up to $8,000

Have not owned a home in the last 3 years

Don’t have to pay it back

Must buy by December 1, 2009

May amend 2008 tax return to claim money right after settle

Income phase out starts at $75,000 for individuals and $150,000 for joint filers

$4,000 max for a married person filing separately

Must live in the property as a principal residence for 36 months or have to pay full tax credit back

Credit is applied for on IRS form 5405

You cannot take credit if but home from a close relative

FHA just came out with Mortgage Letter for homebuyers to take tax credit before they buy a home as a loan from an acceptable source. Cannot use toward 3.5% minimum down payment for FHA Loan.

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First Time Home Buyer Seminar – June 27, 2009

John Thomas May 30, 2009

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, June 27, 2009, at 10:00 AM and again at 1:00 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 203k Rehab loans. Learn how to get $8,000 tax credit for buying a home in 2009, that is a check for $8,000 from the IRS to you at tax time just for buying a home! The best thing is you don’t have to ever pay the $8,000 back!!

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. Keep Reading...

Delaware First Time Home Buyer Seminar – May 30, 2009

John Thomas May 19, 2009

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, May 30, 2009, at 10:00 AM and again at 1:00 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 203k Rehab loans. Learn how to get $8,000 tax credit for buying a home in 2009, that is a check for $8,000 from the IRS to you at tax time just for buying a home! The best thing is you don’t have to ever pay the $8,000 back!!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.

The Seminar is being held at The Seminar is being held at Christiana Hilton Hotel 100 Continental Drive, Newar, DE 19713 from 10:00 AM till 12:00 PM and a second session 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

For a Complete list of seminars visit www.DelawareMortgageLoans.net/seminars

If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727. Keep Reading...

Delaware First Time Home Buyer Seminar – April 18, 2009

John Thomas April 8, 2009

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, April 18, 2009, at 10:00 AM. 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 203k Rehab loans. Learn how to get $8,000 tax credit for buying a home in 2009. That is a check for $8,000 from the IRS to you at tax time just for buying a home! The best thing is you don’t have to ever pay the $8,000 back!! Keep Reading...

New $8,000 Tax Credit for Delaware First-time Home Buyers

John Thomas March 30, 2009

Great news for first-time home buyers in 2009! The stimulus plan that President Obama signed into law contains a new $8,000 tax credit for qualified first-time home buyers. And, unlike the $7,500 tax credit from last year, this credit does NOT have to be repaid to the government, as long as you stay in the home for at least 36 months after the purchase date. Remember, a tax credit is much more valuable than a tax deduction. A tax credit reduces dollar for dollar the amount of tax you owe. A deduction merely reduces the amount of your income that is taxable. This means the home buyer credit can be claimed even if the taxpayer has little or no federal income tax liability to offset. Who?
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Delaware First Time Home Buyer Seminar – March 28, 2009

John Thomas March 3, 2009

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, March 28, 2009, at 10:00 AM. 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, My Community loans, First Time Home Buyer Loan Programs, and the Delaware USDA Rural Housing Program. Learn how to get $8,000 tax credit for buying a home. in 2009 That is a check for $8,000 from the IRS to you at tax time just for buying a home! The best thing is you don’t have to ever pay the $8,000 back!! Keep Reading...

Delaware FHA Loans below 580 FICO scores

John Thomas February 12, 2009

If you are looking to purchase a home or refinance a home and have a FICO score below 580, 99% of lenders will not even be able to help you. Wells Fargo and Chase just made their minimum credit score 620 for all loan programs. Sun Trust just made their minimum FICO score 640 for all programs. Countrywide Bank just made their minimum FICO score 580. So if you are below a 580 and are still looking to buy or refinance a home then you need to hurry because there are only a handful of banks still doing below 580 FICO score.

Please call me at 302-368-7132 or send an e-mail to DelawareMortgages@yahoo.com to see if you can qualify to purchase or refinance a home in Delaware. If you don’t qualify then we will put you into our “Get Mortgage Ready Program” and put together a step by step action plan for you to follow to increase your credit and get you qualified for a home loan.

If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713

Free Delaware First Time Home Buyer Seminar – February 21, 2009

John Thomas February 9, 2009

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, February 21, 2009, at 10:00 AM. 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, My Community loans, First Time Home Buyer Loan Programs, and the Delaware USDA Rural Housing Program. Learn how to get $7,500 tax credit on your 2008 taxes for buying a home. That is a check for $7,500 from the IRS to you at tax time just for buying a home!

Each participant will receive a Free Audio CD on Credit Scoring, 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.

The Seminar is being held at 256 Chapman Rd, Suite 105, Newark, DE 19702. To register for the seminar, please call 302-368-7132 Ext 12 and ask for John Thomas. You can also e-mail me at DelawareMortgages@yahoo.com