Fabulous home financing programs in Delaware -Janice Roosevelt

By
Real Estate Agent with Keller Williams Brandywine Valley PARS273421 & De Lic.
https://activerain.com/droplet/KwL

Here is a brief description of the best programs available in DE. Please call me if you have any questions about these. 610-764-3062 Janice Roosevelt

 

Rebuilding Our Communities (ROC program)

·$25,000 for purchasing a home that is either bank owned or has been vacant for 90 days or more. This is a forgiven loan (grant) if they live there 10 years. If they live there less than 10 years $2,500 is forgiven for every year that they live there.

·This does not apply for every neighborhood and there are income limits. Please call for specifics.

·Does not need to be a first time buyer

 

SMAL loan (Second Mortgage Assistance Loan)

·$10,000 loan at 0% interest for purchasing any home. This is to be used for down payment or closing costs

·Applies to all neighborhoods

·Must attend a home buyer seminar

·Income limits apply but they are pretty generous

·Does not need to be a first time buyer

 

Hometown Heros program

·Anyone that has been in the military qualifies

·2.5% on a 30 year fixed on a regular loan. 2.75% if they want that loan and an additional $10,000 from the state of DE for down payment assistance

·Income limits apply but they are pretty generous

 

janice.roosevelt@gmail.com  jroosevelt@gmail.com

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Location:
Delaware
Groups:
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1st Time Buyers
Delaware Real Estate
Local Expert
The Ninety-ninth Percentile
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Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for sharing information on these programs.

Enjoy the colors of autumn with your camera in hand.

Oct 25, 2012 12:00 AM #1
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John Meussner
Mason-McDuffie Mortgage, Conventional Loans, Jumbo Loans, FHA, 203(k), USDA, VA, - Walnut Creek, CA
#MortgageMadeEasy Walnut Creek, CA 484-680-4852

Great post Janice!  I've used SMAL to help my borrowers and it's a very simple way to help people!

Oct 25, 2012 05:02 AM #2
Rainmaker
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Janice

The home buyers some outstanding financing  programs to choose from.

Good luck and success.

Lou Ludwig

Oct 25, 2012 10:48 AM #3
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Rainmaker
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Janice Roosevelt

OICP ABR, ePRO,Ecobroker
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