Delaware

Click on the morning cup of coffee (to the left) to see today's Think Big Work Small video which includes: MBA bails on its building. Thanks to Bob Hertzog for his IndyMac story. Do you iGoogle? Hammer time. Cuomo sues more people... surprised? SexyFest winners are in!

This is a great daily show by these whacky guys, Frank Garay and Brian Stevens, but it gets the message out there and a great way to start your day!

Delaware First Time Home Buyers Program - DSHA Lowers Rate

Delaware State Housing Authority (DSHA) has lowered its loan rates for qualified buyers using the Single Family Mortgage Revenue Bond (SFMRB) program, commonly referred to as the Delaware First Time Home Buyer Program.

Current interest rates (as of this post):

4.55% - 1.50 points for FHA - 30 yr. fixed ($2,830,602 remain available)

4.90% - 0 points for FHA - 30 yr. fixed ($1,8870,364 remain available)

The Delaware First Time Home Buyer Program offers two types of mortgages: the low-rate option has an interest rate of 4.55% with 1.50 points - or 4.90% with 0 points; and the assisted loan option has a slightly higher interest rate at 5.70%, which gives the borrower a grant equal to 2% of the mortgage amount. All mortgages are for 30 years, with a fixed interest rate.

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

In New Castle County, income limit for 1-2 person household is $77,800, and sale price limit $366,990. In Kent and Sussex Counties, income limit for 1-2 person household is $70,800. Sale price limit is $328,762 in Kent County and $327,670 in Sussex County.

For more information on DSHA's affordable homebuyers programs, please contact DSHA at 302.577.5001, or visit their DSHA's website. Or, contact a participating mortgage lender. If you would like of a list of DSHA's approved mortgage lenders or have any real estate questions, please contact me. Whether buying, selling, or just curious to learn more, I'm here to assist you. Please contact me with your questions. I look forward to hearing from you.

This post is for informational purposes only and should be verified by the DSHA. Please contact DSHA or a participating mortgage lender for current information or if you have any questions regarding DSHA's affordable homeownership programs.

13 year old David Sills of Red Lion Christian Drafted by USC! Red Lion Christian Academy 7th grader David Sills has made national spotlight with the news that he has verbally committed to play at USC despite not being able to officially sign his letter of intent until 2015.

Because of his age USC is not able to sign a written contract. Good luck to David and his family, im sure we will be following his progress on here and in

Larry Hultberg Delaware Realtor 302-530-9186

The National Weather Service reports from New Castle Country Airport that the storm of 2010 is the highest ever recorded in the area at 25 inches and tops the record from January 1996 of 22 inches.

With more snow expected this week and the winter far from being over it looks like we will break another record for the most snow fall of all time!

In New Castle County:

Wilmington 26.5

New Castle County Airport 25.8

Bear 25.8

Claymont 25.2

Newark 24.3

Dover 22

Woodside 20.5

Bridgeville 25

Milton 22

Lewes 20.6

Delmar 15.6

Larry Hultberg Delaware Realtor 302-530-9186

The other day I noticed its time for new tires or as the kids call them "Sneakers" on the front of my car. Now im out showing houses or going to listings almost everyday so I wear them down pretty quick.

Like everyone else im looking for great service at a fair price.

I found that at Delaware Tire Center in Newark Delaware!

http://www.delawaretire.com/index.htm

One of the cool things about their site is you can find out what size tire your car needs by its make and model and shop around. I did and found their prices to be lower then other places, I saved about $65.00 on 2 tires and they were done in about a hour. Car rides great and I will be back in a few months to purchase 2 tires for the rear.

Larry Hultberg Delaware Realtor 302-530-9186