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Archive for the 'Delaware USDA Rural Housing Loans' Category

Update on Delaware State Housing Authority 3% Grant Program for 2009

Posted in Delaware Mortgage Rates, First Time Home Buyer, Delaware Mortgage Loans, Delaware USDA Rural Housing Loans, Down Payment Assistance on October 26th, 2009 No Comments »

The Delaware State Housing Authority offers the Delaware mortgage revenue bond program to assist Delaware First Time Home Buyers.  They offer a 3% grant for down payment assistance with one of the programs.  The funds for 2009 have run out on this program so Delaware home buyers can no longer receive the 3% down payment […]

Delaware USDA Rural Housing Loans - Income Limits for 2009

Posted in Delaware Mortgage Rates, Delaware Mortgage Loans, USDA Loans, Delaware USDA Rural Housing Loans on February 26th, 2009 1 Comment »

The income limits for Delaware USDA Rural Housing Loans are based on the number of people in the house and the county that the property is located.
New Castle County Maximum Income Limits for 2009
1 Person    2 Person    3 Person   4 Person   5 Person   6 Person    7 Person
$61,100     $69,800   $78,550    $87,250    $94,250    $101,200   $108,200
Kent County & Sussex County […]

Delaware USDA Rural Housing Loans - How much can you borrower?

Posted in Delaware Mortgage Rates, First Time Home Buyer, Delaware Mortgage Loans, USDA Loans, Delaware USDA Rural Housing Loans on February 26th, 2009 No Comments »

Delaware USDA Rural Housing Loans can be used to purcahse a home and allow you to borrower up to 102% of the appraised value.  This is a big different from Delaware conventional loans and other government loans.  Every other loan bases the maximum amount you can borrower off the LOWER of the purchase price or […]