Are you a first-time homebuyer in Delaware? This comprehensive guide is your essential resource, offering specialized assistance programs and valuable information exclusively tailored for Delaware residents. Whether you're drawn to the cultural offerings of Wilmington or the scenic beauty of Rehoboth Beach, this guide will equip you with the knowledge and resources to make informed decisions when navigating the Delaware real estate market.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
Assistance Offered | Program | Who Should Apply | Assistance Type |
Up to 5% of home loan that can be used for down payment and closing cost assistance | Any homebuyer | Second mortgage with a 0% interest rate | |
Reduces up to $2,000 in mortgage interest that you pay into federal taxes for the life of your loan | Any homebuyer that can meet credit score requirements | Tax credit |
Regional Programs
County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
New Castle | Up to $5,000 in down payment and closing cost assistance | First time homebuyers that can meet income requirements | Deferred loan with a 0% interest rate |
City Programs
City | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Dover | Up to $20,000 loan for down payment assistance | First time homebuyers that can meet income requirements | Second mortgage | |
Wilmington | Up to $4,000 in down payment and closing cost assistance | Any homebuyer that is currently employed by the city of Wilmington and can meet income requirements | Grant |
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