New Castle County in Delaware has two popular programs to help First Time Home Buyers purchase homes in Delaware. The first program is the New Castle County Down Payment Settlement Program (DPS). This will lend up to $5,000 toward closing costs and down payment. The program has been for anywhere in [...]
The Delaware State Bond Loan is suppose to help first time home buyers by providing them with lower interest rate than current market rate. Problem is right now the current FHA rate is below the bond rate so you are better off getting an FHA loan without going thru the bond program. Until rates go [...]
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 [...]
New Castle County Delaware has two First Time Home Buyer Programs; Down Payment Settlement Program (DPS) and the Home Owner Incentive Program (HIP).
The New Castle County Down Payment Settlement Program gives first time home buyers deferred payment loans for up to $5,000 to cover customary settlement costs and up to half of the required down payment [...]
Delaware First Time Home Buyers have several options for first time home buyer programs. The State of Delaware has several programs available for home buyers in all 3 counties (New Castle, Kent, and Sussex) of Delaware. The program is governed by The Delaware State Housing Authority. The program is called The Single Family Mortgage Revenue Bond [...]
I am a Delaware native who has been actively involved in the Mortgage and Finanace industries for over 10 years. Call me at 302-703-0727