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March National Real Estate Report 2015

by Audrey and Frank Serio, CRS

Published on Mar 27, 2015

RE/MAX researches 53 major metropolitan markets and analyzes the data to get a pulse on the US housing market. Here are some highlights from this months report. To download the full report Click Here. For more information about your local real estate market and what these trends mean for you, contact Audrey & Frank Serio, CRS with REMAX By The Sea, Bethany Beach Delaware.  Selling the fine homes of Bethany Beach, Fenwick Island and the surrounding resorts. 

 

Audrey & Frank Serio, CRS

REMAX By The Sea

Bethany Beach DE 19930

Direct: 302.537.3171

Frank@TheSerios.com

A Daily Email List of New Homes for Sale as they Hit the Market in Bethany Beach – Fenwick Island and the Resort’s Surrounding Areas!

Just Click Here…

Delaware State Housing Authority Annouces Big Changes

by Audrey and Frank Serio, CRS

DSHA Announces Big Changes to Homeownership Programs

 

During a Lender’s Meeting today, DSHA announced the following changes to Homeownership Programs:

Effective immediately, Homeownership program income limits will no longer be based on county and family size. The new statewide income limit is as follows:

 

New Homeownership Program Loan Income Limit Effective March 10, 2015

 

County

Income Limit

Kent

New Castle

Sussex

$97,900

 

DSHA has also announced the elimination of Homeownership Program Purchase Price Limits and has replaced that limit with a statewide maximum loan amount.

New Homeownership Maximum Loan Amount Limit Effective March 10, 2015

 

County

Maximum Loan Amount

Kent

New Castle

Sussex

$417,000

 

End of Advantage 3 and the launch of Advantage 4 grant program

Also announced during the meeting was the Advantage 3 grant program would be replaced by Advantage 4. Advantage 4 will provide a larger grant amount equal to 4% of the 1st mortgage that is used to cover down payment and closing costs. Advantage 3 reservations will be accepted until 5:30 PM on March 13th and Advantage 4 reservations will begin being accepted at 9:00 AM on March 16th

Changes to Second Mortgage Assistance Program (SMAL)

Also announced were the following changes to SMAL. Effective immediately, SMAL income and purchase price limits will no longer mirror the Homeownership Program limits, but will be tied to the limits established for the Delaware First-Time Homebuyer Tax Credit program. This means in some cases, borrowers who are eligible for a first mortgage through DSHA may exceed income or loan amount limits for SMAL.

Advantage 4 eligibility criteria will match those of the Homeownership Program, so borrowers who do not qualify for SMAL may want to consider using Advantage 4 instead.

Also announced, while DSHA strongly encourages a home inspection it was announced this was being eliminated as a requirement for SMAL applicants effective immediately.

Faster Purchase at US Bank with Doc Velocity

During the meeting, US Bank provided information on the Doc Velocity system that they are rolling out to lenders. Doc Velocity is a closed loan delivery system that will provide greater efficiency in reviewing closed loans for purchase and clearing any deficiencies. The result of the initial roll out is that loans are received and purchased in half the time as the paper process.

Audrey & Frank Serio, CRS

REMAX By The Sea

Bethany Beach DE 19930

Direct: 302.537.3171

Frank@TheSerios.com

A Daily Email List of New Homes for Sale as they Hit the Market in Bethany Beach – Fenwick Island and the Resort’s Surrounding Areas!

Just Click Here…

 

Keenwik On the Bay Waterfront Luxury

by Audrey and Frank Serio, CRS

38245 Keenwik Road

Keen-wik on the Bay

West Fenwick Island DE 19975

5 Bedroom 31/2 Baths

Fabulous bay and Ocean City skyline views.Open & airy floor plan-lots of living spaces and 5 bedrooms which includes 2 master suites. Featuring gourmet kitchen, sunroom, upgraded master bath,office/bedroom/bonus room. 75'bulkheaded lot with docking for more than one boat. A MUST SEE

 

Being Offered For Only:

$849,900

Features

  • Granite Kitchen Counters with Glass/Aluminum Tile Backsplash.

 

  • Updated Kitchen Appliances!

 

  • First Floor Bedrooms Carpet installed in 2014!

 

  • Hardwood Floors in Living Area.

 

  • Granite/Marble Master Bathroom and Shower!

 

  • Schluter Shower Drain system in Master Bathroom.

 

  • WAUPACA Elevator.

 

  • Whole-House Water Filter and Water Softener!

 

  • Three Exterior No-Maintenance Decks and a 3-Season Room!

 

  • 75 ft Boardwalk Bulkhead replaced in 2004!  W/ 25’ Pier.

 

  • 15’ X 55’ Side Expansion of House available.

​​

Lot Size: 7405 sq ft

Home: 3362 sq ft

For Additional Information Call

Audrey & Frank Serio, CRS

REMAX By The Sea

Bethany Beach DE 19930

Direct: 302.537.3171

Frank@TheSerios.com

February National Market Report

by Audrey and Frank Serio, CRS

Published on Feb 24, 2015

RE/MAX researches 53 major metropolitan markets and analyzes the data to get a pulse on the US housing market. Here are some highlights from this month’s report. To download the full report Click Here. For more information about your local real estate market and what these trends mean for you, contact Audrey & Frank Serio,CRS for more information on the Bethany Beach-Fenwick Island Resort markets.

 

Audrey & Frank Serio, CRS

REMAX By The Sea

Bethany Beach DE 19930

Direct: 302.537.3171

Frank@TheSerios.com

A Daily Email List of New Homes for Sale as they Hit the Market in Bethany Beach – Fenwick Island and the Resort’s Surrounding Areas!

Just Click Here…

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Photo of Audrey and Frank Serio, CRS Real Estate
Audrey and Frank Serio, CRS
Lucido Global of Keller Williams Realty
39682 Sunrise CT
Bethany Beach DE 19930
Direct: 302.537.3171
Office: 302-360-0300 x 435