Grants For 1st Time Buyers In DE
First time home buyers in Delaware have many options available to them for help in purchasing their first residence. One of the most valuable is the Advantage 4 from the Delaware State Housing Authority (DSHA). This is a grant – there is no repayment required – of up to 4% of the purchase price of your first residence.
Here are some highlights:
If saving enough for a down payment and closing costs have kept you from buying a home of your own, DSHA’s Advantage 4 may be able to help. All applicants who are eligible for any of DSHA’s Homeownership Loans can access an amount equal to four percent (4%) of the amount of the first mortgage that is used to cover down payment and closing cost expenses associated with buying a home.
- This is a grant, there is no repayment required.
Do I Qualify?
To qualify for Advantage 4, you must meet all requirements for a DSHA Homeownership Loan.
How do I apply?
Contact a participating DSHA Mortgage Lender.
For complete details on these programs, including contact information and instructions on how to apply, please visit the Advantage 4 web page.
More Delaware First Time Buyer Grants
In addition to the above homebuyer grant offered by DSHA, there are local housing agencies in various towns, cities and counties throughout the state that provide financial assistance to 1st time property buyers as well. To determine if there any near you, please visit local first time home buyer programs in Delaware.