22 Polly Drummond Hill Rd, Newark, Delaware 19711
Programs
Down Payment Settlement
Down Payment Settlement
Down Payment Settlement
- Down payment assistance loan up to $5000 granted by New Castle County
- Income limits based off number of people in household
- Does not impact interest rate
- DTI cannot exceed 50%
ReVaMP
Down Payment Settlement
Down Payment Settlement
- Grant of $5000 for purchase of vacant homes
- Home must be vacant for 90+ days and in specific census tract
- Grant is forgivable if buyer retains home for 5 years
- Does not impact interest rate
Workforce Housing
Down Payment Settlement
1% Down Conventional
- Builders offering incentives such as lower purchase prices, lower closing costs, and free upgrades to make new construction homes affordable to middle income households
- Income limits based off property location
1% Down Conventional
97 Conventional w/ NO MI
1% Down Conventional
- Purchase a home with 1% down
- Home must be your Primary Residence
- Does not impact interest rate
- Must have a credit score of 720+
97 Conventional w/ NO MI
97 Conventional w/ NO MI
97 Conventional w/ NO MI
- Purchase a home with as little as 3% down
- No Mortgage Insurance on purchases in New Castle County
- Income limit requirements to qualify
Sapphire Grant
97 Conventional w/ NO MI
97 Conventional w/ NO MI
- Receive a lender credit up to 4.5% of purchase price to cover down payment and closing costs
- Income limits based off location of property
- Refinancing available after 12 payments
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Delaware Financial Capital Corp
Licensed by the Delaware State Bank Commissioner #2603
Licensed by The Office of The Commissioner of Financial Regulation, Maryland Department of Labor, Licensing and Regulation # 5224
Licensed by the Pennsylvania Department of Banking #21054
Equal Housing Lender