Delaware State Bond Program for First Time Home Buyers

The Delaware State Bond Program provides home mortgages for first time home buyers purchasing homes in all three counties of the state of Delaware.  The program is overseen by the Delaware State Housing Authority (DSHA).  The program offers first mortgage loans to people who have not owned a home in the last 3 years.  The mortgage loans must be obtained by an approved lender for the program.  Call 302-703-0727 to apply for the Delaware State Bond Program or APPLY ONLINE.

The mortgage interest rate for the program changes each time the state of Delaware Issues a new bond.  There are income restrictions for the program which are determined by the median income for the county.  There are three counties in Delaware; New Castle County, Kent County, and Sussex County.  There are also maximum purchase price limits per county as well.  The income limits can change each year as the median household income changes. Keep Reading...