New Castle County VHAP Program deadline January 31, 2012
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.