I am not a Delaware licensed agent, but I recently referred one of my PA clients to an agent in Bear, Delaware. He talked to an experienced mortgage consultant that I had used in PA and quickly discovered just what he could do and what his limitations were. He has recently written me a thank you note for helping him with this Delaware transaction. You need to have a similar conversation with a loan officer before you start driving around to look at signs and burn your gas.
Unlike real estate agents who do much of there work on weekends, bank folk tend to disappear on weekends-just at the time you are ready to do something. Before you start to look get a pre-approval. There should be no charge for this letter and if you shop around and decide to use different financing-your credit union for example-getting the approval letter does not lock you in with any mortgage company. You need to find out a realistic price range BEFORE you start looking. If you settle for a house that you cannot feel comfortable in you will be calling an agent in a few years and paying a commission. In the market we had two-three years ago, you could make out selling a house after two years, I am not sure that this is now possible. On the other hand if you look at houses you cannot afford, the ones you can will not look so good. Get an agent using a co worker or friend's recomendation, then ask the agent to recommend a loan officer.