JoAnn Moore's (simplyhomeloans) Blog

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Mortgage and Lending - The Mortgage Market of Delaware
RECENT BLOG POSTS
The Low Down on No and Low Down Payment Home Loans If you listen and believe the national media reports regarding home loans, you may be inclined to think you need 20% down on a home purchase and home ownership is out of reach. But, in reality, there are several loan programs with little and even...
04/21/2014
How To Improve Credit Scores Suggestions for help in improving credit scores: Collection accounts- Accounts that have gone into collection within the last couple of months; pay them off and obtain proof of payment. Accounts that have gone into collection within the last 4-12 months; just leave th...
01/16/2014
VA Manufactured Home Loans are available in Delaware. Veterans with a certificate of eligibility can obtain home loans for manufactured homes. The home needs to be a Class C; real property. The title needs to be retired and the home and land taxed together. Credit scores of 500 and above are allo...
11/03/2013
Manufactured Home Loans in Delaware Yes, there are manufactured home loans available in Delaware. It's a good thing becaused there are quite a number of these homes in the state, especially in Sussex County, near the beaches. In this article I am focusing on what the parameters are through FHA. W...
11/01/2013
VA Streamline Refinance Loans in Delaware  VA Streamline Refinances are available to lower your interest rate, payments and/or years remaining. It is a VA Guaranteed loan to refinance an existing VA Guaranteed loan. You can choose a 15 or 30 year term. There are adjustable rates available but I w...
09/23/2013
My Community Mortgage – Community Solutions    There is a little known mortgage loan program especially for educators, public safety workers, health care workers and military personnel.  Down payment can be as little as 3% and it doesn’t have to come from the borrowers’ own funds. There is no up ...
08/05/2013
Six Common Misconceptions Regarding Home Loans A twenty percent down payment is not required. There are many loan programs that allow little or even no down payment. You do not need stellar credit to qualify for a home loan. Most loan programs are looking for 640 and above although some go down t...
08/02/2013
FHA Streamline Refinances are a good option for people that bought their homes with a higher interest rates than what are currently available. The up front mortgage insurance premium is based on a .01% multiplier which is extremely low. The monthly Mortgage Insurance premium is based on a .55% mu...
07/19/2013
USDA Home Loans in Delaware Here is an example of how a USDA Home Loan can be done in Delaware.  The total housing payment may actually be less than rent in the same area. This is for the 100% Guaranteed Rural Housing Home Loan. $150,000 purchase price plus $3061 for the up front funding fee.  To...
07/11/2013
Zero Down Home Loans in Delaware There are two great home loan programs where no down payment is required. These loans are the VA Home Loan for Veterans and the USDA 100% Guaranteed Rural Housing Home Loan. The USDA home loan is for home buyers that don't currently own a home at time of closing o...
06/24/2013
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JoAnn Moore

Home Loans in Delaware
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