The City of Wilmington has a Homebuyer Assistance Program (HAP) that provides a deferred loan for up to $10,000 to qualified homebuyers to purchase homes in the City of Wilmington Delaware within the 19801, 19802, and 19805 zip codes. You can apply or get more information by calling 302-703-0727. This is a Delaware down payment assistance program.
Eligible properties are homes that are within the target zip codes that have been vacant for a period of at least 90 days and have not been redeveloped with NSP funds. Applicants do not have to be first time home buyers but are required to complete 8 hours of home buyer counseling.
Borrowers are free to use any first mortgage program but must get a fixed rate mortgage. The household income must be equal to or below the limits for the program. The purchase price cannot exceed HUD limits. The property must be purchased at a 1% discount based upon appraised value.
Borrower must have ratified sales contract in order to apply for the HAP.
Eligible Income Limitations for HAP Program for 2011-2012
Household size Maximum Income
1 Person $67,550
2 Person $77,200
3 Person $86,850
4 Person $96,500
5 Person $104,200
6 Person $111,900
- No payments, no interest for 5 years then forgiven!
- Can use any first mortgage program and approved lender
- High Income Restrictions
- Not counted in DTI calculations
- Must buy in 19801, 19802, or 19805 zip codes
- Must buy vacant property
- Must live in property for next 5 years as primary residence
- Must buy property 1% below appraised value
You can apply for the program or get more information by calling 302-703-0727 or send an e-mail to firstname.lastname@example.org.
John R. Thomas
Certified Mortgage Planner NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713