Delaware Mortgage Loans

The FHA 203k Renovation Loan in Delaware is a great way to purchase a new home in Delaware in need of repairs or renovate your current home.  Think of it as a one-time-close construction loan but with more relaxed standards because it’s insured by FHA.  Below are some of the highlights and [...]

Delaware FHA 203k Rehab Loan – Selecting Contractors
Here are the guidelines you must follow when selecting a contractr to give a bid for the repair work:
CONTRACTORS AND REHABILITATION CRITERIA
1. Must use contractors to complete repairs/rehabilitation (unless borrower can demonstrate needed expertise/experience)
2. Use of contractors:
A. [...]

Delaware FHA 203k Rehab Loans are used to repair or renovate properties all in one loan when you purchase a property.  A typical question for a first time home buyer is if you can use one of the down payment assistance programs with an FHA 203k loan such as the Delaware State Bond Program.  The [...]

FHA 203(k) loans provide cost-effective, single close loans that enable borrowers to purchase a home that may need repairs or refinance their existing home for the purpose of remodeling.
With the Delaware FHA 203k streamline loan you can borrower up to $35,000 into the mortgage to make improvements or repairs.  The program includes the necessary funds [...]

There will be a Free Delaware First Time Home Buyer Seminar on Saturday October 10, 2009 at 10:00 AM and again at 1:00 PM. The seminar will last about 2 hours and each participate will be able to recieve a free copy of their tri-merge credit report. The seminar will cover all of the basics of [...]

The increase in foreclosures has increased the number of houses listed for sale in Delaware that are owned by banks.  The banks have taken the homes by foreclosing.  The banks list the properties for sale in “as is” condition.  This makes it tough for qualified buyers to purchase some of these homes because traditional FHA [...]

If you want to refinance a home you already own in Delaware, there are mortgage programs that allow you to borrower up to 125 percent of the home’s value.  The program is under the special program created by the economic stimulus bill of 2009.  It is only to lower your current mortgage rate or to [...]