Did you know? Nearly 25% of first-time home buyers use cash gifts as down payment on their home, according to the 2017 National Association of Realtors Profile of Home Buyers and Sellers report. Yes, it’s true. Many people find it difficult to purchase their first home when cost meets financial constraints (like having to pay…
Delaware Down Payment Grants Bridge the Gap For Delaware buyers that are having trouble stretching their savings for the required down payment for their desired mortgage, Delaware Down Payment Grants Down can be a life saver. The grants were designed to assist buyers who find themselves short of the down payment and usually don’t have…
The New Castle County Vacant Home Program called VHAP for short has run its course as a forgivable loan after 5 years. The county has set a deadline of January 31st for any application for the VHAP program which will give up to $10,000 for down payment and closing costs that is forgiven if you…
New Castle County Vacant Home Purchase Program commonly called VHAP rolled out November 2, 2011. This is a Delaware down payment assistance program for specific zip codes in New Castle County, Delaware. You can apply for the program by calling 302-703-0727. The NCC Homeowner Vacant Home Purchase Program (VHAP) is a deferred loan for up…
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 New Castle County but effect…
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: New Castle County Down Payment Settlement Program (DPS) The New Castle County Down Payment Settlement Program is a Delaware first time home buyer program that gives first time home buyers deferred payment loans for up to $5,000 to cover customary settlement costs and required…
Delaware Bond Program for First Time Home Buyers 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 Delaware Bond program is governed by The Delaware State Housing…
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