Tag Down Payment Assistance

Tag Down Payment Assistance

The Lowdown on Delaware Down Payment Grants

John Thomas August 10, 2018 Tags: , , ,
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Delaware Down Payment Grants Bridge the Gap

For Delaware buyers that are having trouble stretching their savings for the required down payment for their desired mortgage, Delaware Down Payment Grants Down can be a life saver. The grants were designed to assist buyers who find themselves short of the down payment and usually don’t have to be repaid. This makes them an ideal helper to anyone looking to secure financing for their home buying journey.

It is definitely worth it to go through the sometimes tedious process to get approved for the grants – much of the money goes unclaimed. There are a few things you need to know about Delaware Down Payment Grants: Keep Reading...

Delaware First Time Home Buyer Programs – New Castle County Programs

John Thomas June 23, 2009 Tags: , , , , ,
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Delaware First Time Hom Buyer Programs

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...