(302) 703-0727

(302) 703-0727

Delaware USDA Rural Housing Loan Income Limits for 2012

John Thomas May 23, 2012 Tags: , , , ,

Delaware USDA Rural Housing Loan Income Limits for 2012 are based on the county and the number of people in the household. If you have questions about USDA Rural housing Loans or would like to Apply for a USDA Rural Housing Loan, call 302-703-0727 or APPLY ONLINE. The following table shows the income limits for each county in the State of Delaware:

New Castle County Delaware Income Limits for USDA Rural Housing Loans:

1-4 Person       5-8 Person

$0 – $93,450    $0 – $123,354

Kent County Delaware Income Limits for USDA Rural Housing Loans: Keep Reading...

Delaware Mortgage Rate Weekly Update May 21 2012

John Thomas May 20, 2012 Tags: , , , , , ,

Delaware Mortgage Rates Weekly Update for May 21, 2012, by John R. Thomas with Primary Residential Mortgage in Newark, Delaware. John is the branch manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 for a free mortgage planning appointment or APPLY ONLINE for Delaware mortgage loan.

Delaware mortgage rate weekly update with John Thomas

Delaware mortgage rates set an all-time record low after bad news coming out of the Eurozone and with the lowest read on consumer inflation since February 2011. The European Central Bank told Greece it would no longer provide funding to Greece Banks. The ECP will not bail out Greek Banks and said funding must come from Greece. This has put concerns that Greece may be left with only one option which would be leaving the European Union. Spain was also in the news because it is in a recession that may last throughout 2013. This means Spain could be the next Greece. Keep Reading...

Delaware Mortgage Rate Weekly Update for May 14 2012

John Thomas May 14, 2012 Tags: , , , , , , ,

Delaware mortgage rate weekly update for the week of May 14, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the branch manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to schedule a free mortgage planning consultation or APPLY ONLINE for Delaware Mortgage Loan.

Delaware Mortgage rate weekly update by John Thomas

Delaware Mortgage Rates are still at all-time historic lows after bad news comes out of Europe last week. France elected a new president and this is the 9th new leader for the Eurozone. Greece is also back in the news and has failed to get a new government that can institute the austerity measures required for their bailout. Also in the news, the National Association of Realtors released two reports. The first report said in the 1st quarter of 2012, 74 of 146 metro cities surveyed had home prices rise. NAR also stated the inventory of existing homes for sale has decreased by 22% since this time last year and it is 41% lower than in 2007 when inventories were at the peak. Keep Reading...

New Castle County will no longer Exempt Fannie Mae & Freddie Mac from Transfer Tax effective June 14 2012

John Thomas May 12, 2012 Tags: , , , , , , , ,

New Castle County Delaware ruled that effective June 14, 2012, Fannie Mae and Freddie Mac will NO LONGER be exempt from transfer taxes on the sale of homes.

The New Castle County law department has recently ruled on transfer taxes on transactions involving Fannie Mae (Federal National Mortgage Company) or Freddie Mac (Federal Home Loan Mortgage Company). Historically, purchases from these entities have been treated as exempt from transfer tax as a conveyance from a governmental agency. In fact, Fannie Mae and Freddie Mac are NOT governmental agencies – they are federally chartered private corporations. New Castle County has decided to enforce that distinction starting on June 14, 2012. Keep Reading...

Delaware Mortgage Rate Weekly Update for May 7 2012

John Thomas May 7, 2012 Tags: , , , , , ,

Delaware Mortgage Rates Weekly Update for May 7, 2012, by John R. Thomas from Primary Residential Mortgage in Newark, Delaware. John is the branch manager of the Newark office and is the author of the best selling book, Your Guide to Buying Your First Home in Delaware. John provides advice on floating or locking your Delaware mortgage interest rate each week in the update. You can call 302-703-0727 to schedule a free mortgage consultation or you can APPLY ONLINE for Delaware mortgage loan

Delaware mortgage rates weekly update by John Thomas Keep Reading...

Dover Delaware First Time Home Buyer Seminar May 22 2012

John Thomas April 30, 2012 Tags: , , ,

Free Delaware First Time Home Buyer Seminar on Tuesday, May 22, 2012, at 6:30 PM in Dover, Delaware. 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 FHA 203k Rehab loans.

Each participant will receive a Free Credit Scoring Handbook, Free 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. Your presenter is the author of the new book, Your Guide to Buying Your First Home in Delaware. The Seminar is being held at The Seminar is being held at The Sheraton Hotel at 1570 North DuPont Highway, Dover, DE 19901Seminar is from 6:30 PM till 8:30 PM. To register for the seminar, please call 302-703-0727. You can also e-mail me at DelawareMortgages@yahoo.com or you can register online at www.delawarehomebuyerseminar.com For a Complete list of seminars visit www.DelawareMortgageLoans.net/seminarsIf 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. Keep Reading...

Delaware Mortgage Rate Weekly Update April 30 2012

John Thomas April 30, 2012 Tags: , , , , ,

Delaware mortgage rates weekly update for the week of April 30, 2012, from John R. Thomas with Primary Residential Mortgage in Newark, Delaware.  John is the branch manager and the author of the book, Your Guide to Buying Your First Home in Delaware. Call 302-703-0727 to schedule a free mortgage planning consultation or APPLY ONLINE for a Delaware Mortgage Loan.

Delaware mortgage rate weekly update by John R. Thomas

Delaware mortgage rates once again ended the week at all time historic lows as the bond market responded to the bad economic news released last week. The first report that moved the market last week was the New Home Sales Report which fell 7.1% in March 2012 with only 328,000 units, it was 353,000 units in February 2012. Inflation was seen as higher in the short term because of high energy costs but Feds see it being moderate in the longer terms so not concerned which helped the bond market. Keep Reading...

Maryland Home Buyer Seminar – June 30 2012

John Thomas April 25, 2012 Tags: , , , , ,

Maryland First Time Home Buyer Seminar

There will be a Free Maryland First Time Home Buyer Seminar on Saturday, June 30, 2012, 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 Delaware. 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. Keep Reading...