DNB First Announces Exclusive Mortgage Product for Veterans, Military Personnel

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The Radnor Planning Commission denied a proposal May 6 by Wawa to build a new store and gas station on Lancaster Avenue at Aberdeen Avenue, writes Natalie Kosteni for the Philadelphia Business Journal  The board's action didn't necessarily bring the project to an end, but issues will need to be resolved before it can move forward. At a meeting in April, Radnor’s solicitor indicated the proposal may not adhere to the township’s zoning ordinances. “It puts us as the planning commission as judge and jury and I don’t believe we are qualified… on a zoning question,” said Skip Kunda, vice chairman of the commission. The developer has an option to go before the township’s commissioners, which could resolve whether it violates local zoning laws. The controversial project has been opposed by residents worried about noise, lighting, large tractor trailers and other issues. The retail portion of the project is permitted but the gas pumps that Wawa wants is a non-conforming use even though there is a gas station with a car wash already on the site, according to the township. A variance or special exception would be needed for the development to proceed with the Wawa project. Read more about the proposed Wawa here. [uam_ad id="62465"]  

DNB First has introduced VA loans – an exclusive mortgage product just for veterans, active military personnel, select Reservists, and National Guard members – as part of its commitment to helping veterans realize the American dream of homeownership.

DNB First will also contribute $100 to Operating Base Cecilia for every mortgage application received throughout the month of November.

VA loans are designed to make the process of buying a home easier for veterans and active military personnel, with no down payment for qualified buyers, no private mortgage insurance required, competitive interest rates, and easier approvals than other conventional loans.

 

Those interested in exploring this offer can stop by any of DNB First’s branches in Chester, Delaware, and Philadelphia counties to learn more, or visit DNB’s online Home Loan Center. The Home Loan Center is an easy-to-use application portal where customers can explore rates, fees and products, complete an application in minutes, and get instant approvals.

“DNB First’s commitment to veterans through the VA loan program is a great example of how our mortgage business works hard to meet the needs of our community,” said Bob Heath, Mortgage Sales Manager at DNB First. “We’re also looking forward to teaming up with Operating Base Cecilia as part of our promise to contribute $100 for every mortgage application received this month.”

Operating Base Cecilia – an outreach of two nonprofit organizations: Veterans Multi-Service Center and Catholic Social Services – was established to meet the needs of veteran families in the areas of Chester, Montgomery, Bucks, and Delaware counties. Located in Coatesville, it provides supportive services for veteran families, access to emergency food and clothing, employment application assistance, training courses, life skill courses, and more.

DNB First Mortgage offerings can accommodate a variety of property types, including primary, second home, and investment properties. Fixed-rate and adjustable-rate mortgages (ARMs) are also available, including loan amounts of up to $2,000,000. Additionally, DNB First offers construction loans to help with the unique challenges of building a new home.

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