Our goal is to continue to provide affordable housing opportunities and help support a strong, local economy. A 2009 study by the National Association of Home Builders estimated that the construction of 100 single-family homes generates $21.1 million in local income, $2.2 million in taxes and other revenue for local government, and 324 local jobs.
Delaware State Housing Authority (DSHA) has made available $250 million in low-rate mortgages to First-Time Homebuyers. Currently, these mortgages are at a rate of 4.75%, 0 Points 30-year fixed. The rate drops down to 4.25%, 0 points 30-year fixed, if you are buying a new construction home.
Since the program announcement, three weeks ago, we have funded close to 100 mortgages totaling $18 million.
So who is eligible? If you haven’t owned a home in the past three years, if you are making up to $89,000, and looking to buy a house priced at no more than $366,000, you definitely should contact us!
To start the process, call DSHA at 888-363-8808 or visit our website at www.destatehousing.com
Helping you to achieve your dream of homeownership is our priority — Good Luck!