The Mortgage Market of Delaware

Which Mortgage Product is Right for You? 
We Work with Dozens of National Banks and Lenders So We Can Find the Best Options for Each Client

"If We Can't Do the Loan... It Probably Can't Be Done!"

Conventional: 620 minimum score, 5% down payment, no PMI with 20% down.

Now Introducing 3% down options with HomeReady & HomePossible!  


 

USDA:  640 minimum score, but can possibly go as low as 550. No money down.
Income and geographical limits apply:


     Kent & Sussex Counties: $82,700 for 1-4 person household
                                                 $109,150 for 5-8- person household


     New Castle County:          $100,500 for 1-4 person household
                                                  $132,650 for 5-8 person household


* Locations in Dover, Smyrna, Middletown, and areas north of Delaware City may be ineligible.

 

FHA580 minimum score typical, but can go as low a 500. 3.5% down payment, and less restrictive guidelines for credit and debt-to-income.


Veterans Affairs$0 down with scores as low as 500, no PMI, and additional savings for disabled veterans.
One of our Loan Officers is a veteran and specializes in assisting veterans.


Manufactured Housingcannot be older than 1976, must be Class C.

Various financing options available.
 

 

HARP Refinances: Do you owe more than your home is worth? Ends December 2018.


Reverse Mortgages: Lump sum, monthly payouts, line of credit, even purchases.
You choose how to use the equity in your home to supplement your retirement


Commercial Real Estate:  Purchase, Refinance - Apartment Buildings, Storefronts, Office Buildings, Agricultural, etc. - Available in all 50 states


Niche Programs for Unique Financing: Low scores, No scores, Recent Bankruptcy, Recent Foreclosure, 1 day Off Market, Self-Employed, Medical Professionals, etc...