WebThe Homeownership First Program provides counseling and up to $10,000 in down … WebRealty Transfer Tax Rates Make all transfer checks payable to: Kent County Recorder of Deeds The Delaware code stipulates circumstances, such as a first-time home buyer, or a transfer among spouses, in which one may be eligible for a transfer tax exemption. Please consult your legal and real estate advisors for requirements. Link to the Delaware Code, …

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WebMar 29, 2024 · Delaware’s transfer tax at the time of this writing is 2.5% of the property’s sale price plus a county transfer tax of up to 1.5% – a total of 4%. (If the Delaware county imposes no transfer tax, the state can then … WebMar 8, 2024 · DSHA tax credit. If you're a first-time homebuyer in Delaware, you can … is kearny nj in hudson county

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WebApplicants must be low- or moderate-income first-time homebuyers purchasing a home in Delaware County. A first-time homebuyer is someone who has not owned a home in the last three (3) years or is a borrower that is recently legally separated, divorced or widowed. The applicant must: Have a current household income that is no more than 80% of the WebThe State of Delaware Realty Transfer Tax Return Form 5402 must be filled out for all properties. The State of Delaware has increased the Realty Transfer Tax rate by 1% effective August 1, 2024. The form 5402 has been updated to reflect this increase. Line 7 of the form allows for a reduction of 1% for contracts executed prior to 8/1/17. WebApr 5, 2024 · The Uplifting First-Time Homebuyers Act is a tax-incentive bill that lets home buyers use more of their 401 (k) toward purchasing a home. Under current law, first-time home buyers can early-withdraw up to $10,000 from their 401 (k) retirement fund penalty-free if that money is used to purchase a home. keyboard remapping in specific program