Help For First Time Home Buyers In Wilmington Delaware

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Real Estate Agent with RE/MAX Associates RS - 0019092

First Start Home Buyer Program is part of neighborhood revitalization initiatives Wilmington is providing help  residents with a down payment on a property.

Wilmington Mayor Mike Purzycki stated in a news release earlier in November that residents who meet the income requirements can receive up to $15,000 to assist in the purchase of a home.

The New Homebuyer Assistance Program was accepted earlier this year as a part of the 2024 budget.

 

 

First Start Homebuyer Program

The program is designed to help first-time homebuyers, those who haven't owned a property in the previous three years, as well as displaced homemakers and single parents, with closing costs, down payments, or lowering the cost of a property purchase.

Up to $15,000, or 6% of the purchase price of the property, may be awarded to qualified applicants.

According to the city, prospective homeowners must apply for a fixed-rate mortgage loan that is "free from origination points or fees and must not exceed a term of 30 years" and make a minimum $1,000 contribution.

 

Greetings from Wilmington, Delaware | File name: 06_10_01446… | Flickr

 

Contact Chris Pataki with RE/MAX Associates  or 302-562-0628to help you get started right away.

 

 

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