Delaware Mortgage Loans | John Thomas, PRMI
Delaware’s FHA, VA, USDA & DSHA Mortgage Specialist — Licensed in All 3 Counties
NMLS #38783
Licensed Loan Officer
20+ Years
Delaware Mortgage Experience
All 3 Counties
New Castle · Kent · Sussex
280 Five-Star Reviews
Google Verified
Delaware Mortgage Loan Programs
FHA Loans Delaware
3.5% down with a 580+ credit score or 10% down with 500+ Credit Score. Flexible underwriting for first-time buyers and those rebuilding credit. FHA203k Renovation, FHA OTC Construction, and FHA Streamline Refinances.
VA Loans Delaware
Zero down payment for eligible veterans and active-duty service members. No MI, competitive rates, VA Renovation, OTC Construction, and VA IRRRL Refinances available. Access 100% Financing with Full Entitlement!
USDA & DSHA Loans
100% Financing in eligible rural areas. Delaware State Housing Authority programs with down payment assistance and first time home buyer programs.
Conventional & DSCR Loans
As little as 3% Down Conventional Loans and DSCR Investor Loans for real estate investors purchasing or refinancing in Delaware. Renovation and Construction loans available.
Why Delaware Homebuyers Choose Loan Officer John Thomas
John R. Thomas (NMLS #38783) has been helping Delaware homebuyers navigate the mortgage process for over 20 years. As Branch Manager & Loan Officer with Primary Residential Mortgage, Inc., he specializes in making complex loan scenarios simple — from first-time buyers using DSHA programs to veterans using VA benefits to investors using DSCR financing. So whether you are buying your first home, building your dream home, renovating a fixer upper, or getting a Reverse Mortgage for retirement, John Thomas and his team have the experience and knowledge to get the job done!
- Local Delaware loan officer — not a call center
- FHA, VA, USDA, DSHA & construction specialist
- Monthly homebuyer seminars across Delaware
- Author of “Your Guide to Buying Your First Home in Delaware”
- 280+ Five-Star Google Reviews
- NMLS #38783 — licensed in Delaware and Maryland
- Construction Lending & Renovation Loan Expert
Delaware Mortgage Loan FAQ
What credit score do I need for a mortgage in Delaware?
Minimum scores vary by loan type. FHA loans allow as low as 500 with 10% down or 580 with 3.5% down. Our VA loans have no minimum credit score while most lenders want 580-620. Conventional loans typically require 620 or higher. USDA Loans require a minimum 600 credit score. Non-QM Loans require a minimum 600 credit score. Chattel loans for Mobile Homes on Leased land go down as low as 550. Reverse Mortgages have no minimum credit score.
How much down payment do I need to buy a home in Delaware?
VA loans offer 0% down for eligible veterans. USDA offers 0% down in eligible rural areas. FHA requires 3.5% down but there are down payment assistance programs so you can get 100% financing with an FHA Loan. Conventional loans start at 3% down. DSHA programs offer down payment assistance for qualifying buyers of 3% or 4%. The PRMI Empower Program offers 5% Down payment assistance so you can get 101.5% financing with an FHA Loan.
What is the DSHA program in Delaware?
The Delaware State Housing Authority (DSHA) offers state-backed mortgage programs including down payment assistance, below-market interest rates, and special programs the Welcome Home Mortgage Program for first time home buyers purchasing in Delaware.
Does John Thomas offer VA loans in Delaware?
Yes. John Thomas specializes in VA loans for Delaware veterans and active duty service members including VA purchase loans, VA renovation loans, VA one-time close construction loans, and VA IRRRL streamline refinances. We even offer VA Manufactured Home Loans.
How long does it take to close a mortgage in Delaware?
Typically 21-30 days from a ratified contract with a pre-approval already in place. Getting pre-approved before you start shopping significantly shortens the timeline. The John Thomas Team can close a rescue loan in 10-14 days if your deal is falling out with another mortgage lender or mortgage broker.
Can I buy a home in Delaware with bad credit?
It depends on the full picture. FHA and VA loans have more flexibility than conventional. The best first step is a no-pressure conversation to review your credit, income, and options before making any decisions. We always start with a soft credit pull only.
What areas does John Thomas serve in Delaware?
John Thomas serves all three Delaware counties — New Castle County, Kent County, and Sussex County — as well as Maryland. Both in-person and virtual consultations are available.
What is the FHA loan limit in Delaware for 2026?
FHA loan limits vary by county in Delaware. Contact John Thomas for the current limits in New Castle, Kent, and Sussex County as these are updated annually by HUD. You can See Delaware FHA Loan Limits for 2026
Ready to Get Your Delaware Mortgage?
Talk to John Thomas — no obligation, no sales pitch. Get straight answers about what you qualify for and what the process looks like.