Primary Residential Mortgage, Inc. (PRMI) is a licensed mortgage lender and a leading provider of home loans in Delaware. With a team of experienced professionals, PRMI is dedicated to helping individuals and families achieve their homeownership goals. PRMI offers a wide range of loan products, including conventional loans, FHA loans, VA loans, USDA rural housing loans, and renovation loans.

One of PRMI's specialized programs is the Student Loan Cash Out Refinance, which allows borrowers to use the equity in their homes to pay off their student loans. This program offers better rates than a traditional cash-out refinance and provides borrowers with the opportunity to simplify their finances by combining their mortgage and student loan payments.

Another program offered by PRMI is the Home Sense Buy Before Your Sell Program, designed for homebuyers who have a home to sell before purchasing a new one. This program eliminates the need to qualify for and carry two mortgages simultaneously, offering greater certainty, competitiveness, and convenience throughout the buying and selling process.

For first-time home buyers, PRMI partners with the Delaware State Housing Authority (DSHA) to provide various assistance programs. These include the DSHA First State Home Loan Down Payment Assistance Program, which offers a 0% interest loan to help cover down payment and closing costs, and the DSHA Home Again Mortgage Loan Program, which has higher income limits and is available for both first-time and non-first-time home buyers.

Additionally, PRMI offers the DSHA Welcome Home Mortgage Loan Program, specifically tailored to Delaware first-time home buyers. This program provides below-market interest rates to make homeownership more affordable for qualified individuals.

For those looking to renovate their homes, PRMI offers the Renovation HELOC Loan Program, which provides a second mortgage without refinancing the first mortgage. This program calculates the after-renovation value of the home, allowing borrowers to access their equity for up to 10 years without the need for extensive documentation.

PRMI also offers P&L Mortgage Loans, a solution for self-employed borrowers looking for an alternative to traditional income verification. These loans allow borrowers to qualify based on an accountant-prepared profit and loss statement, simplifying the application process.

With PRMI, borrowers can expect personalized service, competitive rates, and a range of loan options to meet their unique needs. Interested individuals can contact the John Thomas Team at 302-703-0727 or apply online to get started.