DSHA Home Sweet Home Down Payment Assistance Program provides $12,000 toward down payment and closing costs to eligible home buyers purchasing in Delaware and was just refunded January 30, 2024. If you are a Delaware home buyer then you don’t want to miss out on your chance to get from the State of Delaware to help you purchase your home. You don’t even have to be a Delaware First Time Home Buyer, you can be a repeat home buyer. Find out if you qualify by calling the John Thomas Team at 302-703-0727 or APPLY ONLINE.Keep Reading...
DSHA announced temporary guideline changes to their home buyer assistance programs for home buyers in Delaware. Effective with new reservations for their Preferred Plus Down Payment Assistance Program and their Base Rate Program their will be stricter guidelines for qualifying for the program if you are getting a FHA Loan, VA Loans or a USDA Loan. If you have questions please call the John Thomas Team at 302-703-0727 or you can APPLY ONLINEKeep Reading...
Delaware Talent Cooperative DSHA Home Buyer Program for Teachers provides eligible Delaware teachers below-market interest rate home loans for the purchase of a primary residence in Delaware. Call 302-703-0727 to apply for the program with Primary Residential Mortgage or APPLY ONLINE.
Delaware State Housing Authority (DSHA) OFFERS REDUCED INTEREST RATE MORTGAGES FOR DELAWARE TALENT COOPERATIVE MEMBERS
DSHA proudly announces a new partnership with the DelawareDepartment of Education to retain the outstanding educators of the Delaware Talent Cooperative here in the First State by offering reduced interest rate mortgages!
This new incentive offers .50% (50 basis points) off DSHA’s current mortgage interest rate to members of the Delaware Talent Cooperative.
The incentive can be used with any DSHA first mortgage program for first-time or repeat buyers. For information on DSHA’s first mortgage programs, visit our Homebuyer page at www.destatehousing.com
Delaware Talent Cooperative members looking to take advantage of this reduced rate may also participate in DSHA’s down-payment and closing cost assistance programs, with the interest rate reduction applying solely to the first mortgage.
The mortgage must be for a home purchase (not a refinance).
Qualified Delaware first time home buyers may also use the Delaware First Time Homebuyer Tax Credit!
All other program eligibility requirements apply, including income limits, purchase price limits, etc.
You can apply for the program by calling the preferred lender Primary Residential Mortgage at 302-703-0727 or you can APPLY ONLINE
Once you make application for a DSHA Home Loan Program, we will reserve the funds with DSHA and you will get the current interest rate. In order to get the 0.5% reduction in the interest rate, you must provide us with the Letter from the Department of Education certifying your membership in the Delaware Talent Cooperative, your interest rate will be lowered by 0.5%.
Example:
Current DSHA FHA Rate – 4.5% so your funds are reserved at 4.5% at the application for the mortgage with Primary Residential Mortgage.
You provide a letter from the Department of Education certifying membership in Delaware Talent Cooperative, your interest rate is reduced by 0.5% to 4% for the full 30 years!
If you would like to apply for a Mortgage Loan, you can APPLY ONLINE HERE, you can call John Thomas at 302-703-0727.
John R. Thomas – NMLS 38783
Certified Mortgage Planner – Primary Residential Mortgage, Inc.
302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office
DSHA First Time Home Buyer Mortgage Bond Loan Update for April 17, 2012 – DSHA sent out a notice today and stated the following:
2011 Federal Tax Returns Now Required
Effective today April 17, 2012, any application submitted to DSHA must include 2011 Federal Tax Returns. We cannot accept an application for an extension, we must have the return. For the First Time Homebuyer Program, you must now submit returns for the years: 2011, 2010 and 2009.
This means that if you have not filed then you are NOT ELIGIBLE To participate in the State of Delaware First Time Home Buyer Program thru the Delaware State Housing Authority (DSHA), this includes the down payment assistance program called the SMAL.
If you are buying in New Castle County then you have other options for first time home buyer programs through New Castle County. New Castle County has the following programs:
These programs will allow you to file an extension for 2011 and still participate in the program. If you would like to apply for any of these program call 302-703-0727 or you can APPLY ONLINE.
John R. Thomas – NMLS 38783
Certified Mortgage Planner – Primary Residential Mortgage, Inc.
302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office
