Tag Delaware First Time Home Buyer

Tag Delaware First Time Home Buyer

Delaware First Time Home Buyer Tips – Choosing Real Estate Agent

John Thomas June 30, 2010 Tags: ,

Delaware First Time Home Buyer Tips – Choosing The Right Real Estate Agent

Choosing the right person to represent you in negotiating your Delaware home purchase is a major decision. Whenever you see the designation of Delaware REALTOR® (with a registered trademark) you can rest assured that person is a member of the NATIONAL ASSOCIATION OF REALTORS® (NAR), and has a commitment to meeting the standards of the organization. My team and I at Primary Residential Mortgage, Inc. have a network of professionals that have done a great job for our clients in the past, and we can provide you with a referral to a qualified representative, and pre-approval to shop as a cash buyer. Keep Reading...

Delaware First Time Home Buyer Tips – Best time to lock interest rate

John Thomas June 27, 2010 Tags: , ,

Delaware First Time Hom Buyer Tips – Interest Rates

When is the best time to lock?

When it comes to mortgage loans and interest rates, it’s never a good idea to gamble. That’s why I typically advise my clients to lock in an interest rate at the earliest opportunity. This is just one step of the standardized system we have put in place to ensure the best possible loan experience for each borrower that we work with.

A mortgage loan cannot be closed without a locked-in rate, and there are three main elements to take into consideration: Keep Reading...

Delaware First Time Home Buyer Tips – Planning Your Mortgage

John Thomas June 26, 2010 Tags: , ,

Delaware First Time Home Buyer Tips Planning Your Mortgage & Seeking Pre-Approval

The Benefits of a Professional Consultant

Choosing the right lender is a key element in managing your mortgage. As a certified mortgage planner, my goal is not just to provide you with a loan, but also to help select the one most beneficial to you and your long term goals, and then, help you manage that debt over time. There are not many lenders out there who provide this type of personalized service.

My job is just beginning when your first loan closes. I will continuously monitor rates on your behalf and stay in touch with you to make sure we remain on target with your financial goals. I will also help you manage your budget, your credit, and your other financial goals. Keep Reading...

Delaware USDA Rural Housing Loan Income Limits 2010

John Thomas June 25, 2010 Tags: , ,

The income limits for obtaining a Delaware USDA Rural Housing loan have been increased for 2010.  There are two limitations for applying for a USDA Rural Housing Loan, income limitations and geographical limitations.  The income limitations are county specific.  Delaware has three counties: New Castle County, Kent County, and Sussex County.

The income limits are as follows:

New Castle County:

1-4 Family Members   5-8 Family Members

$0 – $90,050                     $0 – $118,850

Kent County: Keep Reading...

Delaware First Time Home Buyer Tips – Stop Paying Your Landlord’s Mortgage

John Thomas June 22, 2010 Tags:

Delaware First Time Home Buyer Tips Stop Paying Your Landlord’s Mortgage!

It’s staggering when you think about the cost of living, especially if you’re a renter and not a Delaware homeowner. If you are currently paying $1,000 a month for rented housing, then over the next three years, your property management company will effectively have reaped $36,000 of your hard earned cash! You’re paying their mortgage when you could be building equity in your own property.

What if I don’t have the money to buy a home right now? Keep Reading...

Delaware First Time Home Buyer Seminar – September 12, 2009

John Thomas September 2, 2009 Tags: ,
There will be a Free Delaware First Time Home Buyer Seminar on Saturday, September 12, 2009, at 10:00 AM and again at 1:00 PM. 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. Learn how to get $8,000 tax credit for buying a home in 2009.  That is a check for $8,000 from the IRS to you at tax time just for buying a home! The best thing is you don’t have to ever pay the $8,000 back!!

Each participant will receive a Free Audio CD on Homebuying 101, 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 First Time Home Buyer Programs – Delaware Bond Program

John Thomas June 10, 2009 Tags: , , , ,
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Delaware Bond Program for First Time Home Buyers

Delaware First Time Home Buyers have several options for first time home buyer programs.  The State of Delaware has several programs available for home buyers in all 3 counties (New Castle, Kent, and Sussex) of Delaware.  The Delaware Bond program is governed by The Delaware State Housing Authority.  The program is called The Single Family Mortgage Revenue Bond Program.  The program is commonly referred to as the Delaware First Time Home Buyer Program but is only one of many different programs available in Delaware.  Call 302-703-0727 to apply for the program or APPLY ONLINE Keep Reading...

Delaware First Time Home Buyer Seminar – December 13, 2008

John Thomas December 10, 2008 Tags: ,

There will be a Free Delaware First Time Home Buyer Seminar on Saturday, December 13, 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, First Time Home Buyer Loan Programs, and the Delaware USDA Rural Housing Program.

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...