Delaware First Time Home Buyer Programs – New Castle County Programs


New Castle County Delaware has two First Time Home Buyer Programs; Down Payment Settlement Program (DPS) and the Home Owner Incentive Program (HIP).

The New Castle County Down Payment Settlement Program gives first time home buyers deferred payment loans for up to $5,000 to cover customary settlement costs and up to half of the required down payment to purchase a home located in New Castle County, Delaware.  The loan is an 8 year loan that has requires no payment for the first 3 years of the loan.  The loan is then repaid over the last 5 years at a rate of 3%.  If loan is paid off in first 3 years then no interest is charged.  The residence must be borrower’s primary residence throughout the duration of the loan.

The New Castle County Home Owner Incentive Program (HIP) is a deferred loan program to help home buyers purchase homes in targeted neighborhoods.  The program will give a loan for up to 6% of the sales price for a maximum of $10,000.  The interest rate is 0% and no payments are required.  The loan must be paid in full when home is sold or if no longer primary residence.  The program is only available in identified targeted neighborhoods.  The maximum sale price is $178,100.  You do not have to be a first time home buyer to qualify for this program.

Both programs have income restrictions.  The income guidelines are as follows;


1 Person Household: $43,600

2 Person Household: $49,800

3 Person Household: $56,050

4 Person Household: $62,250

5 Person Household: $67,250

6 Person Household: $72,200

7 Person Household: $77,200

8 Person Household: $82,150

If you would like to see if you can qualify for one or both of these programs or would like to receive more information, please feel free to contact me (John Thomas) at 302-588-3665 or send an e-mail to  You can also APPLY ONLINE HERE.  Primary Residenital Mortgage is an approved lender for all of the New Castle County Down Payment Assistance Programs.

John R. Thomas – Certified Mortgage Planner – FHA & USDA Loan Specialist – Primary Residential Mortgage, Inc.

302-703-0727 DE Office /  610-906-3109 PA Office / 410-412-3319 MD Office


We send out our lovely email newsletter with useful tips and techniques, recent articles and upcoming events. Thousands of readers have signed up already. Get a free WordPress eBook now.

About John Thomas

I am a licensed Mortgage Professional based in Newark, Delaware. Feel free to contact me anytime at 302-703-0727.