Delaware First Time Home Buyer Programs – New Castle County Programs

John Thomas June 23, 2009 Tags: Delaware Down Payment Assistance, Down Payment Assistance, DPA Program, NCC DPS, New Castle County DPS, New Castle County HIP

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 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...