First-Time Homebuyer Programs Available in Delaware:
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Preferred Plus and Preferred Plus Refinance Programs
Offers low-interest mortgage loans with favorable terms for eligible first-time homebuyers.
Website: Kiss Your Landlord Goodbye
Contact:
Main Office: (302) 739-4263
Toll-Free: 1-888-363-8808
Email: DSHA_Homeloans@delaware.gov
Homeownership for Individuals with Disabilities Program (HIDP)
Provides financial assistance, including down payment and closing cost assistance, to individuals with disabilities to help them achieve homeownership.
Website: Kiss Your Landlord Goodbye
Contact:
Main Office: (302) 739-4263
Toll-Free: 1-888-363-8808
Email: DSHA_Homeloans@delaware.gov
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New Castle County Homebuyer Assistance Program
Offers down payment and closing cost assistance to first-time homebuyers purchasing homes in designated areas of New Castle County.
Website: New Castle County Housing
Phone: (302) 395-5600
Email: housing@newcastlede.gov
New Castle County Homeownership Program
Provides payment and closing cost assistance to low-to-moderate-income first-time homebuyers in New Castle County.
Website: New Castle County Housing
Phone: (302) 395-5600
Email: housing@newcastlede.gov
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Habitat for Humanity builds and renovates homes, which are then sold to qualified low-income individuals and families through affordable mortgage arrangements.
Habitat homeowners contribute "sweat equity" by volunteering their time to help build their homes or other Habitat projects.
Phone: (302) 652-0365
Email: info@habitatncc.org
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This nationwide program allows Section 8 voucher holders to use their vouchers toward homeownership. Eligible participants can receive assistance with mortgage payments, homeownership counseling, and other related expenses.
Website: HUD Housing Choice Voucher Homeownership Program
Contact: Local Public Housing Authority or DSHA
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Provides low-interest mortgage loans, down payment assistance, and closing cost assistance to help individuals transition from renting to owning a home.
Website: Kiss Your Landlord Goodbye
Contact:
Main Office: (302) 739-4263
Toll-Free: 1-888-363-8808
Email: DSHA_Homeloans@delaware.gov
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Prosperity Mortgage offers the Pathway to Prosperity initiative to increase homeownership among qualified applicants in the Greater Philadelphia, Wilmington, and Camden areas. Two financial assistance programs are available, each offering up to $10,000 in assistance per qualifying transaction:
HomeAssist Grant
Provides down payment and/or closing cost assistance for purchasing or refinancing a primary residence located in an eligible Census Tract.
HomeAccess Special Purpose Credit Program (SPCP)
Offers down payment and/or closing cost assistance for current residents of eligible Census Tracts to purchase a primary residence anywhere Prosperity Mortgage is licensed.
For both programs:
Funds can be used toward down payment, closing costs, permanent rate buydown, and more.
Grants are forgiven at loan closing, with no lien or repayment required.
Eligible for Conventional, FHA, and VA loans in Majority-Minority Census Tracts.
Website: Prosperity Mortgage
Phone: 833-910-1259
These Delaware-specific programs, along with the HCV Homeownership Program, provide various forms of assistance tailored to meet the needs of Delaware residents aspiring to achieve homeownership.
Eligibility requirements and program availability may vary, so it's essential for potential home buyers to research and explore all available options and consult with qualified housing counselors or lenders for personalized guidance.