New Castle County Workforce Housing Program: A Buyer’s Guide Direct Answer: The New Castle County Workforce Housing Program helps working households buy affordable homes by setting income-based price limits and long-term affordability rules. Buyers must meet HUD income limits (up to 120% of Area Median Income), complete HUD-approved homebuyer education, and qualify with an approved…
DSHA Brings Back 4% Down Payment Assistance for Delaware Home Buyers Great news for Delaware home buyers. The Delaware State Housing Authority (DSHA) has re-released its 4% Down Payment Assistance (DPA) program, giving eligible buyers more help with upfront costs when purchasing a home. The program is available only in conjunction with their Home Again…
DSHA First State Home Loan Down Payment Assistance Program was formerly known as the Preferred Plus DPA Program. The First State Home Loan is a second mortgage loan to help Delaware home buyers with down payment and closing costs. The program is a 0% interest loan and requires no payments for 3% of the mortgage…
DSHA Home Again Mortgage Loan Program is for Delaware home buyers that do NOT meet the requirements for a DSHA Welcome Home Mortgage Loan. Delaware State Housing Authority Home Again Mortgage Program has a higher income limit and allows for non-first time home buyers to qualify for a home loan program. The program is available…
DSHA Welcome Home Mortgage Loan Program provides Delaware first time home buyers with below market interest rates home loans to make purchasing your first home affordable. If you are looking to purchase your first home in Delaware and have not owned a home in the past 3 years then this first time home buyer loan…
PRMI Welcome Home Down Payment Assistance Program provides up to 5% down payment and closing cost assistance to home buyers. You can get an FHA 101.5% financing by combing the PRMI FHA first mortgage with the 5% DPA Loan. This program is great for first time home buyers and repeat home buyers. Get Started today…
Private mortgage insurance might be one of the costs that you most hate to pay when you send in your mortgage payment each month. If you would like to learn more on how to cancel mortgage insurance, give the John Thomas team a call at 302-703-0727 or APPLY ONLINE PMI stands for Private Mortgage Insurance…
If you’re applying for a mortgage backed by the government like an FHA loan or VA loan, your lender will run a CAIVRS check before approving your loan. This little-known government database, called U.S. Department of Housing and Urban Development Credit Alert System (CAIVRS), checks for specific types of credit defaults that could affect your…
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