Tag Delaware First Time Home Buyer Programs

Tag Delaware First Time Home Buyer Programs

New Castle County DPS Program – Delaware First Time Home Buyer Down Payment Assistance Program

John Thomas July 14, 2012 Tags: , , , , ,
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New Castle County DPS Program

New Castle County DPS Program

New Castle County DPS Down Payment Assistance Program is a Delaware down payment assistance program for First Time Home Buyers to help with down payment and/or closing costs. The program will lend Delaware first time home buyers up to $5,000 that is recorded as a second mortgage loan against the property being purchased.  The New Castle County DPS Program loan is an 8-year loan at 0% interest but payments are deferred for the first three years.  In order to qualify for the program, you must use a Delaware approved mortgage company.  Call 302-703-0727 to apply for the program or to get more information. Keep Reading...

Delaware State Bond Program for First Time Home Buyers

John Thomas August 7, 2011 Tags: , , , ,
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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...