Delaware Mortgage Loans

As a long term investment, homeownership is still one of the best investments for individual households.  “Why?” you may ask.  After all, the headlines say housing market is down and out, with defaults rising at an alarming rate, and mortgage markets so frozen that buyers can’t get a home loan at any price.
What buyers need […]

FHA loans are not credit-score driven. Although many wholesale lenders have minimum credit scores, many do not. They traditionally underwrite the file, according to FHA guidelines. If you have no credit  or no good tradelines, then  FHA loans also allow you to use alternative credit. Monthly obligations like gas, electric, and cell phone bills—wherever money’s […]

Delaware First Time Home Buyers are going to find it a lot harder to buy a home with little or no money because Fannie Mae is Changing their guidelines on the popular My Community Loan Program.  The My Community Loan program is very popular because it offers 100% financing with one loan with reduced mortgage […]

There will be a Free First Time Home Buyer Seminar on Saturday December 15, 2007 at 10:00 AM.  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 buying a new home in […]

There is still room left for the Free First Time Home Buyer Seminar on Saturday October 27th at 10:00 AM at Citizens Lending Group’s office in Newark, DE.  The seminar will cover the basics of buying a home in Delaware including First Time Home buyer programs, FHA Loans, VA Loans, and much more.
Please call 302-368-7132 […]

There will be a Free First Time Home Buyer Seminar on Saturday October 27, 2007 at 10:00 AM.  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 buying a new home in […]

It’s staggering when you think about the cost of living, especially if you’re a renter and not a Delaware home owner. 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 […]

WHY A DELAWARE VA LOAN?
The more you know about our Delaware home loan program for Veterans, the more you will realize how little “red tape” there really is in getting a Delaware VA loan. These loans are often made without any down payment at all. Aside from the veteran’s certificate of eligibility and the fact […]

Delaware First Time Home Buyers are going to have a tougher time qualifying for loans after October 20th, 2007.  Fannie Mae is making changes to what it will accept for approval on all 100% financing options that are backed by Fannie Mae.
What are the changes?  Fannie Mae is no longer going to accept EA-II or […]

If you are a First Time Home Buyer than you need to know the value of having your own checking account.  It looks best if you have a checking account in your name.
I sometimes get clients applying for a Delaware Mortgage that don’t have a checking account.  I counsel them right away to open a […]