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Delaware FHA Loan Limits for 2014

John Thomas December 10, 2013 Tags: , ,
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Delaware FHA Loan Limits for 2014 will be going Lower for FHA case numbers assigned on or after January 1, 2014. FHA mortgage maximum loan amounts vary by states and by regions based on the median home price in that region. Currently, FHA loan limits range from $271,050 up to $729,750.

Effect January 1, 2014, FHA is reducing the maximum loan amount from $729,750 to $625,500 and reducing maximum loan limits in most regions.  The lowest maximum loan limit will remain at $271,050. The FHA loan limits in Delaware are being reduced in all three counties of Delaware as follows: Keep Reading...

Delaware Mortgage Rates Weekly Update for December 2, 2013

John Thomas December 1, 2013 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of December 2, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates moved slightly higher to end the week as mortgage bonds traded lower to end the week. If you look at the mortgage bond chart below you can see bonds traded slightly lower to end the week. Traders left for the Thanksgiving holiday so trading volume was light on Wednesday and Friday. We are recommending FLOATING your Delaware mortgage rate to start the week. Keep Reading...

Delaware Mortgage Rates Weekly Mortgage Market Update for November 25, 2013

John Thomas November 24, 2013 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of November 25, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates moved higher after the Federal Reserve Meeting Minutes renewed fears of tapering their asset purchases this year versus waiting until 2014. If you look at the bond page below you can see a red candle down on Tuesday when Mortgage Bond hit the 200 days moving average and was turned lower. Then on Wednesday big red candle down after the Federal Reserve Minutes was released and renewed fears of tapering caused sell-off in the bond market. Mortgage rates were able to stabilize to end the week so we are recommending FLOATING your Delaware Mortgage Rate to start the week to see if mortgage bonds can recover. Keep Reading...

Dover Delaware Home Buyer Seminar January 11, 2014

John Thomas November 23, 2013 Tags: , , , ,
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Delaware First Time Home Buyer Seminar on Saturday, January 11, 2014, at 10 AM in Dover, Delaware. The seminar will last about 2 hours and each participant will be able to receive a 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. You will be able to get pre-approved at the seminar by a Delaware Mortgage Company. Keep Reading...

Delaware Talent Cooperative DSHA Home Buyer Program for Teachers

John Thomas November 19, 2013 Tags: , , ,
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DSHA

Delaware Talent Cooperative DSHA Home Buyer Program for Teachers provides eligible Delaware teachers below-market interest rate home loans for the purchase of a primary residence in Delaware. Call 302-703-0727 to apply for the program with Primary Residential Mortgage or APPLY ONLINE.

Delaware State Housing Authority (DSHA) OFFERS REDUCED INTEREST RATE MORTGAGES FOR DELAWARE TALENT COOPERATIVE MEMBERS

DSHA proudly announces a new partnership with the Delaware Department of Education to retain the outstanding educators of the Delaware Talent Cooperative here in the First State by offering reduced interest rate mortgages! Keep Reading...

Delaware Mortgage Rates Weekly Update for November 18, 2013

John Thomas November 17, 2013 Tags: , , , , ,
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Delaware Mortgage Rates weekly mortgage market update for the Week of November 18, 2013, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John Thomas is the Newark, Delaware Mortgage Branch Manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to get a free mortgage planning consultation or APPLY ONLINE for Delaware mortgage loan

Delaware Mortgage Rates moved lower last week as mortgage bonds were able to rebound after the big sell-off in bonds from the October Jobs Report. If you look at the mortgage bond chart below you can see that mortgage bonds had a big red candle (big sell-off) on Friday, November 8th but have since been able to rebound each day last week to move mortgage interest rates lower each day. Interest rates ended the week almost where they before the sell-off on Friday the 8th. We are recommending FLOATING your Delaware mortgage rate to start the week to see if mortgage bonds can continue to climb higher and move home loan rates lower. Keep Reading...

Maryland Home Buyer Seminar December 7, 2013

John Thomas November 16, 2013 Tags: , , ,
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Maryland First Time Home Buyer Seminar

There will be a Maryland First Time Home Buyer Seminar on Saturday, December 7, 2013, at 10:00 AM till Noon. 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 Maryland. The seminar will cover Maryland FHA loans, Maryland VA loans, Maryland USDA Rural Housing Loans, First Time Home Buyer Loan Programs, and the Maryland FHA 203k Rehab loans. Each participant will receive a Free Credit Scoring Handbook, Free Home Buying Handbook, and an opportunity to meet with a certified 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.
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Delaware First Time Home Buyer Seminar December 14, 2013

John Thomas November 16, 2013 Tags: , , ,

Delaware First Time Home Buyer Seminar

There will be a Delaware First Time Home Buyer Seminar on Saturday, December 14, 2013, at 10:00 AM till Noon. The seminar will last about 2 hours and each participant will be able to receive a copy of their tri-merge credit report. The seminar will cover all of the basics of buying a 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. The Seminar is sponsored by The Neighborhood House so each participant will receive home buyer counseling credit toward the required HUD-approved home buyer counseling required for Delaware First Time Home Buyer Programs.
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