Delaware Mortgage Bond Program is the State of Delaware’s first time home buyer program that offers below-market interest rates to qualified first time home buyers. The program has traditionally been used for Conventional mortgages, FHA mortgages, VA mortgages, and USDA rural housing loans.  The loan program is administered by the Delaware State Housing Authority (DSHA) and the servicing of the loans is currently done by Bank of America. Bank of America announced today that they will not be servicing any more USDA loans that do not have a loan commitment from Rural Development by October 1, 2011. Keep Reading...