(302) 703-0727

(302) 703-0727

DSHA Delaware Diamond DPA Program

John Thomas June 7, 2023 Tags: , , ,
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DSHA Delaware Diamond DPA Program refunded January 30, 2024 and gives Delaware Essential Workers $10,000 toward purchasing a home in Delaware. If you are a current Delaware Resident living and working in Delaware as an “Essential Worker” then don’t miss this opportunity to get $10k from the Delaware State Housing Authority to help you purchase a home. Limited Funding so call now to get started at 302-703-0727 or APPLY ONLINE.

WHAT ARE THE GUIDELINES FOR THE DSHA DELAWARE DIAMOND DPA PROGRAM?

The DSHA Delaware Down Payment Assistance Program (DPA) will be a soft second mortgage loan for $10,000 toward closing costs & down payment. The loan will be forgiven after 10 years. In order to qualify must be employed in Delaware as an Essential Worker. Below are the guidelines for the Program: Keep Reading...

DSHA Home Sweet Home DPA Program

John Thomas June 6, 2023 Tags: , , ,
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DSHA Home Sweet Home Down Payment Assistance Program provides $12,000 toward down payment and closing costs to eligible home buyers purchasing in Delaware and was just refunded January 30, 2024. If you are a Delaware home buyer then you don’t want to miss out on your chance to get from the State of Delaware to help you purchase your home. You don’t even have to be a Delaware First Time Home Buyer, you can be a repeat home buyer. Find out if you qualify by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE. Keep Reading...

Mobile Home Loans on Leased Land

John Thomas April 24, 2023 Tags: ,
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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. Mobile Home Loans allow you to purchase a mobile home for a primary residence, second home or as an investment property. If you want to find out how much you qualify for, call the John Thomas Team with Primary Residential Mortgage at 302-703-0727 or APPLY ONLINE.

What are the Guidelines for Mobile Home Loans on Leased Land?

Mobile Homes on Leased Land require special financing because the property is not considered real estate but Chattel which means traditional loan types will not work such as FHA, VA, USDA or Conventional as these loan types only work for Manufactured Homes on permanent foundations. These specialized chattel loans for mobile homes have the following guidelines: Keep Reading...

1099 Income Mortgage Loan Program

John Thomas November 22, 2022 Tags: ,
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The 1099 Income Mortgage Loan Program is a loan program designed specifically for independent contractors that receive a 1099 form at the end of the year. This programs requires NO TAX RETURNS! Qualify off your 1099 income only!! This special loan program is also called an Independent Contractor Mortgage. Most independent 1099 Contractors make good income but show very little on their tax returns because of write offs. The solution to this challenge is the 1099 Income Mortgage Loan Program. Get started today by calling us at 302-703–0727 or APPLY ONLINE. Keep Reading...

VA 100% Cash Out Refinance

John Thomas August 23, 2022 Tags: ,
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VA 100% Cash Out Refinance Loan allows eligible veterans to refinance their home and take out a loan for 100% of the value of the home. This VA Refinance Mortgage Loan is perfect for veterans who have built up equity in their home and need to tap into it to consolidate debt or take money out to renovate their home. If you would like to see if you qualify to get access your equity, give the John Thomas Team a call at 302-703-0727 or APPLY ONLINE.

What are the Guidelines for a VA Cash Out Refinance?

The VA 100% Cash Out Refinance Mortgage Loan allows eligible veterans to tap the equity in their home if they meet the following guidelines: Keep Reading...

PRMI Land Loans

John Thomas August 17, 2022 Tags: , , , ,
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PRMI Land Loans are mortgage loans for purchasing vacant land or Lot Loans. Traditional Conventional Loans do not allow for someone to purchase vacant land or lots. PRMI Land Loans allow you to purchase land without having to build on it. Land Loans are also sometimes referred to as Lot Loans or Vacant Land Loans. You apply for a Land Loan by calling the John Thomas Team with Primary Residential Mortgage at 302-703-0727 or APPLY ONLINE.

What are the Guidelines for PRMI Land Loans?

Vacant Land Loans have the following guidelines:

  • Minimum Loan Amount is $100,000
  • Maximum Loan Amount is $750,000
  • Minimum Credit Score is 660
  • Maximum Loan to Value (LTV) is 65%
  • No Pre-payment Penalty
  • Purchase Loans Only
  • Maximum Term Length is 240 Months

What are the Eligible Property Types for Land Loans?

You can use the PRMI Land Loan to purchase the following types of property: Keep Reading...

USDA One Time Close Construction Loan

John Thomas August 13, 2022 Tags: ,
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USDA One Time Close Construction Loan

The USDA One Time Close Construction Loan gives USDA-qualified borrowers the opportunity to finance the construction of their dream home, as well as the permanent mortgage all in a single mortgage loan with only one closing. This saves home buyers money on closing costs as traditional construction loans require 2 closings. Now you can purchase a lot and build your new home with a builder and borrower 100% of the purchase price as long as the home is in a USDA Eligible area. You can get started today by calling the John Thomas Team with Primary Residential Mortgage at 302-703-0727 or APPLY ONLINE. Keep Reading...

Doctor Loan Program

John Thomas August 10, 2022 Tags: , ,
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PRMI Doctor Loan Program

If you have recently graduated from a medical program and our worried that your student loan debt will prevent you from qualifying for a mortgage, will the PRMI Doctor Loan Program may be just what you need. The Doctor Loan also called the Physician Loan Program has the following Features and Benefits:

  • Low Down Payment (As little as 3%)
  • Loan Amounts up to $1,500,000
  • Adjustable Rate Mortgage Options Available
  • Interested Party Contributions Allowed

You can get find out today if you qualify by calling the John Thomas Team with Primary Residential Mortgage at 302-703-0727 or you can APPLY ONLINE

Who Qualifies for the Doctor Home Loan Program?

In order to qualify for the Doctor Mortgage Loan Program, at least one of the borrowers on the loan must be licensed in one of the following fields: Keep Reading...