The down payment assistance programs that are listed here are a sample of what is available for homebuyers in Delaware. This can be your starting point as you search for the right program for your family. Home Purchase and Refinance Loans

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New Castle County ReVaMP Program

Financial Assistance for Homebuyers in Delaware

In order to promote homeownership and stimulate sales of vacant properties, the New Castle County Department of Community Services initiated the ReVaMP program: “Remediating, Vacancies Making Progress.”

Available Assistance
ReVaMP helps to cover the down payment and closing costs for individuals buying a vacant home in New Castle’s identified areas. These funds are provided in the form of a zero-interest, 5-year deferred loan of up to $5,000. As long as the borrower resides in the home for 5 years, the entire loan amount is forgiven.

Eligibility Requirements
Unlike most down payment assistance programs, there is no first-time homebuyer requirement in this case. However, there are some other requirements that all applicants must meet to be considered eligible for the ReVaMP program. Borrowers’ annual household income must fall at or under 120 percent of the area median income for New Castle County (limits shown below). Additionally, all applicants must show attend and complete a Homeownership Education Program at a New Castle housing counseling agency that is approved by HUD.

Property Guidelines
Eligible properties must not exceed the maximum selling price of $379,500, and must be located in the program’s identified areas, including the following Census Tracts: 101.01, 101.04, 103.00, 105.02, 107.02, 120.00, 121.00, 122.00, 123.00, 124.00, 125.00, 127.00, 129.00, 130.00, 132.00, 134.00, 136.07, 136.09, 138.00, 139.02, 140.00, 141.00, 147.03, 147.05, 148.08, 149.02, 149.03, 149.05, 150.00, 151.00, 152.00, 154.00, 155.00, 158.00, 159.00, and 164.04.

Income Limits
1 person household: $67,560
2 person household: $77,160
3 person household: $86,760
4 person household: $96,360
5 person household: $104,160
6 person household: $111,840
7 person household: $119,520
8 person household: $127,200

(Note: These figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.)

*Seller-funded down payment programs were eliminated in the Housing and Economic Recovery Act of 2008, but States and Local government agencies are still permitted to help borrowers finance their homes with second mortgages and grants. These agencies set different requirements that a borrower needs to meet in order to qualify for the grant programs, such as property location, and purchase price and income limits.

Down payment assistance programs and/or grants were researched by the team at Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.'s compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Delaware

In an effort to help residents purchase homes instead of staying in rented apartments for years to come, the Delaware State Authority offers eligible applicants affordable home loans and down payment assistance.  

The New Castle County Department of Community Services offers first-time homebuyers the Down Payment Settlement Program. This program comes in the form of a deferred payment loan, to help cover down payment and closing/settlement costs associated with the purchase of a new home.

The New Castle County Department of Community Services promotes homeownership through the ReVaMP program, or "Remediating, Vacancies Making Progress.” This program helps to cover the down payment and closing costs for vacant homes in New Castle’s identified areas. 

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