Tag VHAP

Tag VHAP

New Castle County Vacant Home Buyer Program – VHAP II Available March 15 2012

John Thomas March 7, 2012 Tags: , , , , ,

New Castle Count Vacant Home Buyer Program VHAP

New Castle County Vacant Home Buyer Program VHAP II will be available for applications starting March 15, 2012. The program is called VHAPII for short an is an FHA approved Down Payment Assistance Program. The VHAP provides down payment and closing cost assistance for Delaware home buyers for up to $10,000 at a maximum of 6% of the purchase price. The money is provided in the form of a 2nd mortgage recorded against the property. The loan is at 0% interest and doesn’t have to be paid back until you sell the property, move out as primary residence, or refinance the property. You can apply for the loan with the preferred lender by calling 302-703-0727 or you can APPLY ONLINE. Keep Reading...

New Castle County VHAP Program deadline January 31, 2012

John Thomas January 20, 2012 Tags: , , ,

The New Castle County Vacant Home Program called VHAP for short has run its course as a forgivable loan after 5 years. The county has set a deadline of January 31st for any application for the VHAP program which will give up to $10,000 for down payment and closing costs that is forgiven if you live in the home as your primary residence for 5 years. If you would like to apply for a mortgage using the VHAP program call 302-703-0727 or you can APPLY ONLINE and we can get you started.

The County will be transitioning to a new Vacant Home Program called VHAP2 which will be a deferred loan instead of a forgivable grant. The new program is set to roll out on March 1, 2012, so there will be a gap in availability of this program from February 1, 2012, till March 1, 2012, when the new program is set to roll out. Details of the new program have not been released yet. Keep Reading...