Tag Delaware Down Payment Assistance

Tag Delaware Down Payment Assistance

New Castle County ReVaMP Down Payment Program

John Thomas September 26, 2016 Tags: , , ,
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New Castle County ReVaMP Down Payment Program

New Castle County ReVaMP Down Payment Program launches October 26, 2016 and is a 5 year forgivable loan of up to $5,000 for the purchase of a vacant home in designated census tracts in New Castle County Delaware. ReVaMP abbreviation for Remediating Vacancies, Making rogress Down Payment and Settlement Assistance Program. The Delaware down payment assistance program is to be used for normal and customary settlement costs and required down payment.  Call 302-703-0727 for more information or to apply for the loan with New Castle County Approved Lender Partner the John Thomas Team with Primary Residential Mortgage or APPLY ONLINE Keep Reading...

New Castle County DPS Program – Delaware First Time Home Buyer Down Payment Assistance Program

John Thomas July 14, 2012 Tags: , , , , ,
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New Castle County DPS Program

New Castle County DPS Program

New Castle County DPS Down Payment Assistance Program is a Delaware down payment assistance program for First Time Home Buyers to help with down payment and/or closing costs. The program will lend Delaware first time home buyers up to $5,000 that is recorded as a second mortgage loan against the property being purchased.  The New Castle County DPS Program loan is an 8 year loan at 3% interest but payments are deferred for the first three years.  In order to qualify for the program you must used a Delaware approved mortgage company.  Call 302-703-0727 to apply for the program or to get more information. Keep Reading...

DSHA Mortgage Bond Loan Update – April 17 2012 – Must have filed 2011 Tax Return in order to Qualify

John Thomas April 17, 2012 Tags: , , , , ,

DSHA First Time Home Buyer Mortgage Bond Loan Update  for April 17, 2012 – DSHA sent out notice today and stated the following:

2011 Federal Tax Returns Now Required

Effective today April 17, 2012, any application submitted to DSHA must include 2011 Federal Tax Returns. We cannot accept an application for an extension, we must have the return. For the First Time Homebuyer Program you must now submit returns for the years: 2011, 2010 and 2009.

This means that if you have not filed then you are NOT ELIGIBLE To participate in the State of Delaware First Time Home Buyer Program thru the Delaware State Housing Authority (DSHA), this includes the down payment assistance program called the SMAL. Keep Reading...

Delaware First Time Home Buyer Programs – New Castle County Programs

John Thomas June 23, 2009 Tags: , , , , ,
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Delaware First Time Hom Buyer Programs

New Castle County Delaware has Two First Time Home Buyer Programs:

New Castle County Down Payment Settlement Program (DPS)

The New Castle County Down Payment Settlement Program is a Delaware first time home buyer program that gives first time home buyers deferred payment loans for up to $5,000 to cover customary settlement costs and required down payment to purchase a home located in New Castle County, Delaware.  The loan is an 8 year loan that requires no payment for the first 3 years of the loan.  The loan is then repaid over the last 5 years at an interest 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.  Call 302-703-0727 to apply for the program or APPLY ONLINE Keep Reading...

Delaware First Time Home Buyer Programs – Delaware Bond Program

John Thomas June 10, 2009 Tags: , , , ,
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Delaware Bond Program for First Time Home Buyers

Delaware First Time Home Buyers have several options for first time home buyer programs.  The State of Delaware has several programs available for home buyers in all 3 counties (New Castle, Kent, and Sussex) of Delaware.  The Delaware Bond program is governed by The Delaware State Housing Authority.  The program is called The Single Family Mortgage Revenue Bond Program.  The program is commonly referred to as the Delaware First Time Home Buyer Program but is only one of many different programs available in Delaware.  Call 302-703-0727 to apply for the program or APPLY ONLINE Keep Reading...