DSHA First Time Home Buyer Mortgage Bond Loan Update for April 17, 2012 – DSHA sent out 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:
- New Castle County Vacant Home Buyer Assistance Program – VHAP
- New Castle County DPS Program
- New Castle County HIP Program
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
Ceritified Mortgage Planner – NMLS 38783
Primary Residential Mortgage
248 E Chestnut Hill Rd
Newark, DE 19713