(302) 703-0727

(302) 703-0727

Foreign National Loans

John Thomas October 4, 2023 Tags:
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Foreign National Loans for purchase or refinance of investment properties in the United States by International borrowers. Are you a non-U.S. citizen dreaming of owning property in the United States? The American real estate market has long been a beacon of opportunity for investors and homeowners from all over the world. However, securing a mortgage as a foreign national can be a complex and daunting process. The good news is that there are specialized loan programs designed to make property ownership in the U.S. a reality for non-residents. The John Thomas Team with Primary Residential Mortgage is proud to offer financing for Foreign Nationals for non-US Citizens to invest in the United States Real Estate Market, give us a call at 302-703-0727 to get started or APPLY ONLINE. Keep Reading...

PRMI Welcome Home Down Payment Assistance Program

John Thomas October 3, 2023 Tags: , ,
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PRMI Welcome Home Down Payment Assistance Program provides up to 5% down payment and closing cost assistance to home buyers. You can get an FHA 101.5% financing by combing the PRMI FHA first mortgage with the 5% DPA Loan. This program is great for first time home buyers and repeat home buyers. Get Started today by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE.

PRMI Welcome Home Down Payment Assistance Program Guidelines

The Guidelines for qualifying for the Welcome Home DPA Program are as follows:

  • Available with PRMI FHA Loan or PRMI USDA Loan
  • Minimum 620 Credit Score
  • No Income Restrictions except USDA Loan guidelines
  • Temporary Interest Rate Buy Down Options
  • Do NOT have to be a First Time Home Buyer
  • Available Nationwide except NY
  • Second Mortgage Loan for Down Payment & Closing Costs
  • Repayable and Forgivable Options for the DPA Loan

What are the Eligible Property Types for the Welcome Home Program?

The PRMI Welcome Home DPA Program allows borrowers to purchase properties that are on the eligible list. The following are eligible property types for the DPA program: Keep Reading...

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...