(302) 703-0727

(302) 703-0727

New Castle County Vacant Home Purchase Program for Delaware

John Thomas November 7, 2011 Tags: , ,

New Castle County Vacant Home Purchase Program commonly called VHAP rolled out November 2, 2011.  This is a Delaware down payment assistance program for specific zip codes in New Castle County, Delaware.  You can apply for the program by calling 302-703-0727.

The NCC Homeowner Vacant Home Purchase Program (VHAP) is a deferred loan for up to $10,000 for down payment assistance and/or closing costs that is secured against the property as second mortgage lien.   The borrower must occupy the property as their primary residence.  You DO NOT have to be a first time home buyer.

The loan is for homebuyers that are purchasing homes in the following zip codes: 19701, 19702, 19709, 19720, 19802, and 19805.  The loan is for 6% of the purchase price up to a maximum of $10,000.  The interest rate is 0% and there are no monthly payments required.  If you live in the property for 5 years as primary residence loan is forgiven and you owe nothing.

The maximum sales price is $335,400 and all properties must be inspected by ASHI or NACHI certified home inspectors.  All homes built before 1978 must also have a visual lead inspection done by a certified lead based paint inspector but no repairs are required.  You must buy the property at 1% below appraised value.

The borrower complete 8 hours of home counseling with a New CastleCounty recognized HUD approved housing counseling agency. 

Eligible Income Limitations for VHAP Program for 2011

Household size      Maximum Income

1 Person                $67,550
2 Person                $77,200
3 Person                $86,850
4 Person                $96,500
5 Person                $104,200
6 Person                $111,900
7 Person                $119,650
8 Person                $127,350


  • No payments, no interest for 5 years then forgiven!
  • Can use any first mortgage program and approved lender
  • High Income Restrictions
  • Not counted in DTI calculations


  • Must buy in 19701, 19702, 19709, 19720, 19802, 19805
  • Must buy vacant property
  • Must live in property for next 5 years as primary residence

You can apply for the program by calling 302-703-0727.

John R. Thomas
Certified Morgage Planner – NMLS 38783
Primary Residential Mortgage
302-703-0727 Office
248 E Chestnut Hill Rd
Newark, DE 19713
APPLY ONLINE for a Delaware Mortgage

About John Thomas

John Thomas and his team are long-time Delaware natives. They know the local real estate market as well as they know the loan products that help them serve it. Dedicated to helping first-time buyers; the John Thomas Team are experts on first-time buyer loan programs (FHA, VA, USDA) and conduct monthly first-time buyer seminars that have been attended by more than 3000 Delaware buyers.

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