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.

---

First Time Homebuyer Programs in Georgia
In July 1996, the Governor and General Assembly made a vital decision to join together the Georgia Housing and Finance Authority (GHFA) with the Department of Community Affairs.

---

Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

---

First Time Homebuyer Programs in New Hampshire
The State of New Hampshire gives great importance to the welfare and safety of its people. One of the ways of showing this is through the establishment of the New Hampshire Housing Finance Authority, which is specially designed to assist low to moderate income residents of New Hampshire in the process of procuring safe and affordable housing opportunities.

---