Tag DSHA SMAL Loan

Tag DSHA SMAL Loan

DSHA Mortgage Bond Loan Update – April 17 2012 – Must have filed 2011 Tax Return in order to Qualify

John Thomas April 17, 2012 Tags: , , , , ,

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. 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...