JoAnn Moore's (simplyhomeloans) Blog

Mortgage and Lending - The Mortgage Market of Delaware
Refinancing “Underwater” Homes   If you ‘ve been thinking you can’t take advantage of the extremely low interest rates because you don’t have 20% equity in your home, you are in luck.   There is a relatively new program called HARP 2.0 (Home Affordability Refinance Program). With this program you...
The Georgetown Farmers Market is held at the Park next to the Georgetown Presbyterian Church on North Bedford Street Wednesdays from 3-6PM. There are several produce stands, a couple of bakery tables and some flower vendors. I was able to purchase asparagus, a cucumber, a container of tomatoes, ...
Ginger Cookies 350 degrees at 8-10 minutes; makes 48 cookies 3/4 cup Crisco shortening 1 cup sugar 1/4 cup molasses 1 egg 2 cups flour 2 tsp. baking soda 1 tsp. cinnamon 1 tsp. ginger 1 tsp. ground cloves Cream shortening and sugar. Add molasses and egg; beat well. Add sifted dry ingredients. Bea...
A few inspections are required on the USDA 100% Guaranteed Rural Housing Home Loans. An appraisal will be needed. Also, a clean water test if on its own water supply. If the appraiser states in their report that the septic system seems to be in working order, an inspection is not needed. Also, if...
There are many advantages of the USDA 100% Guaranteed Rural Housing Home Loan. Here are a few: No down payment; a true 100% loan product. No cash reserves required. Generous income limits. Very low monthly mortgage insurance. No purchase limits. Sellers may pay all closing costs. Gift funds are a...
To access eligible properties for USDA 100% Guaranteed Rural Housing Home Loans, go to:,gov/eligibilty You simply enter an address and find out if the property is in an eligible area. Usually areas that have a population less than 25,000 are eligible.   
Gift funds are allowed on USDA 100% Guaranteed Rural Housing Home Loans. They need to be identified separately, as a gift, even if the funds have already been deposited into a liquid asset account by the borrower. Gift funds are not to be considered as reserves. Gift funds may be used for closing...
What are the income limits on the USDA 100% Guaranteed Rural Housing Home Loans in Delaware? In Kent and Sussex Counties the income limit on a 1- 4 person household is $78,200. On a 5-8 person household it is $103,224. In New Castle County, the income limit on a 1-4 person household is $90,050. O...
USDA 100% Guaranteed Rural Housing Home Loans are easier to qualify for with a minimum credit score of 640. Some lenders do allow 620 but there can't be any derogatory credit issues for the last twelve months. Also, some lenders allow no credit scores but the borrower must have several alternativ...
USDA 100% Guaranteed Rural Housing Home Loans offer an affordable way to purchase a home. Borrowers who cannot qualify for a conventional loan may qualify for the USDA home loan. A conventional loan in this definition is one which the borrower: Is able to put 20% down Is able to pay all closing c...


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