First Time Homebuyer Programs in Delaware
Page 2

a) Community Development Block Grants (CDBG) - This program, exclusively operated in Kent and Sussex Counties only, has the ability to provide funding for a variety of activities (rehabilitation, demolition and Housing Code enforcement) geared towards the maintenance or improvement of existing housing, and for the provision of infrastructure in support of housing development for low- and moderate-income persons.

b) Delaware Emergency Mortgage Assistance Program (DEMAP) - This program is especially designed to assist individuals in the process of avoiding mortgage foreclosure on their primary residence due to a loss of 15% or more their income, which could either be caused by the sudden loss of employment or reduction in hours as a direct result of the recession, or the inability to work or reduction in hours able to work due to an injury or illness.

c) Housing Rehabilitation Loan Program (HRLP) - This loan program offers loans of up to $35,000 at 3% interest rates to low- and moderate-income homeowners and landlords who rent to low-income tenants in order to make necessary State Housing Code repairs or to make modifications to a residence in order to make them accessible to those renters with disabilities.

d) Live Near Your Work (LNYW) - This program is especially tailored to assist employees of participating employers in the process of purchasing a home near the place of their employment.

e) First Time Homebuyers Program - This program is DSHA's leading program for first time homebuyers who have not owned a home in the past three years.

First Time Homebuyer Programs in Delaware
  Back to Page 1

About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on civic engagement grants and philanthropy giving.

Additional Resources

category - Home Buying Programs

Second Mortgage Loan Program and Mortgage Credit Certificate for Homebuyers in North Carolina
One of the more popular programs is the FirstHome Mortgage Program for First Time Homebuyers which offer significantly low interest rates and a rather low fixed 30-year mortgage plan.

---

State of New York Mortgage Agency
The State of New York Mortgage Agency, otherwise referred to as SONYMA, is an agency established in the year 1970 in an attempt to address the shortages of funds within private banking systems that are specifically intended for residential mortgages within the State of New York.

---

Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been administering the Homebuyer Mortgage Program for First Time Homebuyers. The program is capable of offering home loans and below-market interest rates to first time homebuyers who reside in Connecticut and who are planning to acquire a property that is located in Connecticut.

---

Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

---