Delaware First-Time Home Buyer

Delaware First-Time Home Buyer

Free Delaware First Time Home Buyer Seminar – May 31, 2008

John Thomas May 13, 2008

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, May 31, 2008, 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, and First Time Home Buyer Loan Programs. 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. Keep Reading...

Free First Time Home Buyer Seminar – Saturday April 26th at 10:00 AM

John Thomas April 15, 2008

There will be a Free First Time Home Buyer Seminar on Saturday, April 26, 2008, 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, and First Time Home Buyer Loan Programs. 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. Keep Reading...

Delaware FHA Loans – Repair Changes for the Better!

John Thomas April 15, 2008

Even though FHA made a major change to their appraisal requirements, some Realtors, Sellers, and Buyers are still concerned about Loans that require an FHA Appraisal. Most of these people still have concerns because they are not aware of the changes that occurred in January of this year, or they have not seen these change first hand yet.

Here are some of the major changes that occurred in January:

Examples of MINOR property conditions that no longer require AUTOMATIC repair for existing properties are:

  • Examples of Missing handrails;
  • Cracked or damaged exit doors;
  • Cracked window glass;
  • Minor plumbing leaks (such as leaky faucets);
  • Defective floor finish or covering (badly soiled carpeting);
  • Rotten or worn out countertops;
  • Crawl Space with debris or trash;
  • Defective paint surfaces in homes constructed Post 1978

Examples of tests that may no longer be REQUIRED:
 Keep Reading...

Court Decision Upholds Down Payment Assitance Programs for FHA Loans!

John Thomas March 4, 2008

I am pleased to announce that Nehemiah was victorious in its litigation against HUD!

Judge Lawrence K. Karlton of the United States District Court for the Eastern District of California upheld Nehemiah’s motion for summary judgment. The Court Clerk’s Office is directed to enter judgment and close the case.

To be clear, the U.S. Department of Housing and Urban Development’s (HUD) rule to ban private downpayment assistance as proposed in the “Standards for Mortgagor’s Investment in Mortgaged Property regulation published October 1, 2007, is permanently set aside. Keep Reading...

First Time Home Buyer Seminar – March 22nd at 10:00 AM

John Thomas February 22, 2008 Tags: ,

There will be a Free First Time Home Buyer Seminar on Saturday, March 22, 2008, 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, and First Time Home Buyer Loan Programs. 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. To register for the seminar, please call 302-703-0727  and ask for John Thomas. Keep Reading...

Free First Time Home Buyer Seminar – February 23, 2008 at 10:00 AM

John Thomas February 7, 2008

There will be a Free First Time Home Buyer Seminar on Saturday, February 23, 2008, 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, and First Time Home Buyer Loan Programs.  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. Keep Reading...

Free Budgeting Seminar – February 6th at 6:30 PM

John Thomas January 20, 2008

There will be a Free Budgeting Seminar on February 6, 2008, from 6:30 PM till 8:00 PM at the Citizens Lending Group’s Office in Newark, Delaware.  The seminar will cover the basics of making a household budget, how to track daily, weekly, and yearly expenses, and how to use your budget as part of an overall financial plan. Each participant will receive a free Excel Budget Calculator.

To register for the Seminar, please call 302-368-7132 Ext. 12 and ask for John Thomas.

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...

The Role of a Delaware Real Estate Agent

John Thomas January 11, 2008

Frequently, the first person you consult about buying a home in Delaware is a real estate agent or broker that is licensed in Delaware. Although real estate brokers provide helpful advice on many aspects of home buying, they may serve the interests of the seller and not your interests as the buyer.

You need to know if the agent you are speaking with about a property is a seller (Listing) agent or a buyer’s agent. The buyer’s agent works for you and has your interest at heart. The seller agent is hired by the seller to list their house for sale. The selling agent’s job is to find someone who will be willing to buy the home on terms and conditions that are acceptable to the seller. In Delaware an agent is allowed to both represent the seller and the buyer, this is called dual agency. Keep Reading...