You Need An Expert. . .
When You're Getting Your Home Mortgage!

You're about to make the single biggest financial decision of your life. You want to buy a house and that means getting a mortgage. But what's the best program for you? 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 we've been providing mortgage loans to first-time homebuyers since 1941. In fact, we were the first mortgage banker in Delaware to be approved to provide 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. A Gilpin Mortgage representative is on call 24 hours a day, every day. 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:

• On-line go to our pre-qualify screen.
• Call Mortgage Xpress at 1-888-2GILPIN. The fast, free, automated way to be pre-qualified. Just enter information on your telephone.
• Call or E-Mail any Gilpin Loan Officer – Numbers and locations are listed on the staff page.

Now To The Programs:

• FHA – A government program that features a low down payment requirement of only 2.25% of the cost of the home (which can come as a gift). There is no income limit for an FHA loan.
• VA – For veterans only. Requires little or no cash to go to closing. This is a great program if you have veterans' benefits, have a solid income, but perhaps are short on saved cash.
• The 97% Solution – Borrow 97% of the cost of the home you're buying. You only need 3% down. Ask your Loan Officer about current income limits.
• The 5% Down – There's no income limit here, and you only have to put down 5% of the purchase price of the home.
• The 3/2 Community Homebuyer – This program offers higher qualifying ratios (less income is required and more debt is allowed). And what does the 3 and 2 stand for, anyway? That's a 3% down payment you need to come up with and 2% that can come as a gift from a relative or certain community groups or public agencies that participate in the program. See your Loan Officer for more information and a copy of the brochure, "Fannie Mae's Community Homebuyer's Program."
• The 2/1 Buydown – Want to ease into your mortgage payment? With this program, your payment is lower for the first two years you own your home. After that, you level out to a normal 30-year, fixed rate payment.

These are just a few of the hundreds of programs Gilpin has to offer. If you'd like to be pre-qualified for a mortgage or if you simply have a question, E-Mail or call us.

Want to check interest rates? Just click or call the Patterson-Schwartz Hotline at 302-234-5200. Rates are updated each business day.

(All programs subject to change – see your Gilpin Loan Officer for complete, up-to-date information.)