Delaware Valley Real Estate - OnPoint with Letitia Stevenson

First Time Home Buyer Seminar - Delaware (September 26, 2009)

Attend a FREE First Time Home Buyer Seminar! And, Get Your Questions Answered!

Register for one of the two First Time Home Buyer Seminars:

DATE: Saturday, September 26, 2009

LOCATION: Christiana Hilton, Newark, DE 19713

TIMES: 10:00am - 12:00 pm  (1^st Seminar), 1:00pm - 3:00 pm (2^nd Seminar)

Each First Time Home Buyer Seminar will cover:

The Basics: The Home Buying Process

Mortgages: How They Really Work

Financing: FHA Loans, VA Loans, and Other Financing Options

Credit: Understanding and Improving Your Credit Score

$8,000 Tax Credit: How it Works and How to Use It, and More

Each attendee will receive:

Free Home Buying Guide

Additional Tips and Resources

Local Market Reports

Opportunity to Meet with Industry Professionals

Many cities and municipalities in New Castle County (Delaware) require real estate agents to have business licenses to list and sell real estate. Here is a quick reference guide to business license requirements for real estate agents practicing in the state of Delaware.

 *LEGEND

Information in this post is deemed reliable but not guaranteed. This post is for informational purposes only and is not a substitute for legal, tax or other professional assistance.

 (Lasted Updated 8/16/09)

Letitia A. Stevenson, REALTOR®  | Prudential Fox & Roach, REALTORS®  |  www.recoachhomes.com

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DSHA Update August 2009 - New Bond Money $35M (Delaware First Time Home Buyers Program)

I just received notification from Gail Frederick (Mortgage Consultant, Trident Mortgage Company) that the Delaware State Housing Authority (DSHA) has just released $35 million in new bond money for 2009. The Single Family Mortgage Revenue Bond Program (SFMRB) provides low-interest first mortgage financing for Delaware first-time home buyers in low-to-middle income brackets. This program is commonly referred to as the Delaware First Time Home Buyers Program. For the purpose of this program, a first-time homebuyer is defined as one who has not owned a principal residence within the past three years.

Funds are available throughout the state from various lenders on a first-come, first-served basis. The program's lending institutions will offer 5.90% (0 Points) and 5.65% (1.50 points) interest rates, or 6.40% if a borrower gets a grant for the down payment and other loan costs. 

For eligibility, the gross income level is limited to $70,800 for an individual or a two-person household in Kent and Sussex Counties and to $77,800 in New Castle County. For larger households, the income limits are $81,420 and $89,470, respectively.  The maximum purchase price for an existing home in New Castle County is $366,990. The maximum is $328,762 in Kent County and $327,670 in Sussex County.

Qualified buyers can also use the Second Mortgage Assistance Loan (SMAL) program for down payment and closing cost assistance up to $10,000 in conjunction with the Delaware First Time Home Buyers Program, making it possible for the buyers to purchase with little to no money out of pocket. 

The content provided in this post is presented as a courtesy to be used only for informational purposes and is not represented to be error free. For the latest information, requirements and updates on DSHA's affordable homebuyers programs, please visit DSHA's Homeowenership online. Or, contact a participating mortgage lender/mortgage consultant, like Gail Frederick from Trident Mortgage (DSHA 2009 Top Producing Lender), or, contact DSHA at 302.577.5001 (Wilmington), 302.739.4263 (Dover) or toll free at 888-363-8808. 

If you would like a list of DSHA's approved lenders or have any real estate questions, please contact Letitia Stevenson.

Webroot, a leading computer security company, recently surveyed over 1,100 members of social networks like Facebook, LinkedIn, MySpace, Twitter, and others. The results of the survey uncovered some thought-provoking insights into the beliefs and behaviors of users on these sites. While many are concerned about their privacy, many users are not taking action to protect their privacy.

According to the survey, almost 80 percent of those polled are concerned about privacy issues on social networks yet almost 60 percent are not aware of what their privacy settings are and who can see their data. One third of social networkers admitted they use the same password for all their social networking accounts.

Overall, the results revealed:

1. Privacy Concerns Outweigh Protective Actions
2. Private Information is Made Public
3. Younger Users (Ages 18-29) Take More Risks

For more information on results of survey and tips for safe social networking, please visit:

• Webroot Home Page
• Webroot® Survey Reveals Social Networkers' Risky Behaviors

PROTECT YOUR PRIVACY TODAY! Take a few minutes and lock down your profiles by updating the privacy settings on your social networking accounts.