Equal Housing Lender Delaware First Time Home Buyers
You Need An Expert. . .
When You're Getting Your First Home Mortgage in Delaware!
You're about to make the single biggest financial decision of your life. You want to buy a house in Delaware, Pennsylvania or Maryland. That means getting a mortgage. But what's the best program for you? What type of mortgage should you apply for? Conventional, FHA, DSHA? And more importantly, how do you find the right lender. . .how in the world do you get someone to walk you through the mortgage maze?
We'd like to help. Here at Gilpin Mortgage we've been providing mortgage loans to Delaware first time home buyers since 1941. In fact, we were the first mortgage banker in Delaware to be approved to originate FHA (Federal Housing Administration) and VA (Veterans Administration) loans that provide extra affordability for homebuyers. You can rest assured that Gilpin Mortgage will be here to serve you from application to closing. . .and the next time you need a mortgage loan.
Gilpin Mortgage has a real commitment to service. We always remember that we work for our customers. Our Loan Officers will take your application at your convenience. . .in your home, your office or ours or you can apply on-line. Then we'll keep in touch with you throughout the loan process, keeping you up to date as to the status of your loan.
Pre-Qualifying
It's a smart idea to find out how much house you can afford before you even start looking at homes. And if you're pre-qualified, you can get to settlement faster. You can pre-qualify for a mortgage several ways:
- You can go to Gilpin's on-line pre-qualification page.
- Call or email any Gilpin Mortgage Loan Officer - Numbers and locations are listed on the Loan Officer page.
- Call Mortgage Xpress at 1-888-2GILPIN. The fast, free, automated way to be pre-qualified. Just enter information on your telephone.
Buying vs Renting
A home is an investment. When you rent, you write your monthly check and that money is gone forever. But when you own your home, you can deduct the cost of your mortgage loan interest from your federal income taxes, and usually from your state taxes. This will save you a lot each year, because the interest you pay will make up most of your monthly payment for most of the years of your mortgage. You can also deduct the property taxes you pay as a homeowner. In addition, the value of your home may go up over the years. Finally, you'll enjoy having something that's all yours - a home where your own personal style will tell the world who you are.
First Time Home Buyer Useful Web Sites
Here is a list of mistakes to avoid when buying a home
Many consumers have questions about buying vs. renting. Home Loan Learning Center has a detailed page on the subject.
Delaware residents here is information on Delaware's First Time Home Buyer Programs