(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 are 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 the property for the next 5 years as a primary residence

You can apply for the program by calling 302-703-0727 or you can APPLY ONLINE HERE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

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

248 E Chestnut Hill Rd, Newark, DE 19713

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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