Special offer

Delaware State Housing Programs

By
Real Estate Agent with Prudential Fox & Roach

The state offers seven services for Homebuyers.  Contact a participating mortgage professional to see if you qualify for any of their programs.

Are you considering purchasing your first home?  Have you not owned a home in the past three years?  Are you ready to move to a targeted area in New Castle or Kent county?  If you answered yes to any of the questions above, then you may qualify for one of Delaware's Single Family Mortgage Revenue Bond Program (SFMRB).
The Second Mortgage Assistance Loan Program (SMAL) gives you up to $6000 to help with down payment and closing costs.
Interested in new construction? Delaware's Housing Partnership combines a 6% interest rate with down payment and closing costs up to $15,000.  The catch is that the new construction home must be pre-approved.
The above listed are the more popular programs the state offers.  However, there are other programs like the ADDI, LNYW, RHP and PHHOP that may suit your needs.  This information is meant to be a public service.  It is highly suggested that you contact someone in the mortgage industry who can assist you in deciding what programs might be right for you.  Contact me if you'd like to have the names and phone numbers of mortgage professionals in this area.  I'd be glad to help out.