Posted on July 29, 2015 - 11:10 AM
by Andrea Wisniewski
“The new DSHA-Paid Mortgage Insurance and Home Purchase Rehab programs will put the dream of homeownership within reach for more families in Delaware. When houses are purchased and get repaired, our neighborhoods and our economy benefit – people are put to work, materials are bought, and pride of ownership becomes more evident in our neighborhoods.”
- Jack Markell
This statement from Delaware Governor Jack Markell was the result of his new law that took away the extra payment put onto new home owners when they do not put at least 20% down on their home. With this, new home owners who only put down 19% or less won’t be charged an extra insurance fee. They have a slightly higher interest rate, but in turn it is a big economy boost! This will allow home owners to buy a home & repair it, hence giving many people jobs & improving the community. Read more by clicking the link below!