Down Payment Assistance

Down Payment Assistance

Update on Delaware State Housing Authority 3% Grant Program for 2009

John Thomas October 26, 2009

The Delaware State Housing Authority offers the Delaware mortgage revenue bond program to assist Delaware First Time Home Buyers. They offer a 3% grant for down payment assistance with one of the programs.  The funds for 2009 have run out on this program so Delaware home buyers can no longer receive the 3% down payment assistance.

There is still money for the New Castle County Down payment assistance program for First Time Home Buyers. You can also get a 100% financing with a Delaware USDA Rural Housing Loan if you buy in an area that qualifies. For more information on either of these two programs, send an e-mail to DelawareMortgages@yahoo.com or call me at 302-703-0727. 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 a loan is paid off in the 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...