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
