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Live Near Your Work (LNYW)
The Live Near Your Work (LNYW) program provides employees of participating employers with a grant towards the purchase of a home near their place of employment. The participating employer will provide a $1,000 (minimum) grant to an eligible employee to purchase a home within a designated area, within a 3-mile radius of the employee's worksite. The State will provide a matching $1,000 grant, and the participating local jurisdiction will also provide a $1,000 matching grant. Please refer to the list below of participating employers and local jurisdictions. The employee must obtain a first mortgage through a participating lender (see list of participating lenders). For specific guidelines, interested employees should contact their Human Resources representative.
How To Apply
- Contact Human Resources Reprensentative to see if your employer participates.
- Make sure you (the borrower) meet all borrower requirements.
- Applicants should work with a Realtor to ensure the property selected meets all LNYW property requirements.
- Contact participating mortgage lender.
- Complete HUD approved Housing Counseling program offered by one of Delaware's HUD approved Housing Counseling Agencies.
- Please view Home Buyers' Information Guidebook
Borrower Qualifications
To qualify, a borrower's current gross household income cannot exceed:
| County | 1 or 2 Person Households | 3 or More Person Households |
| New Castle | $77,800 | $89,470 |
| Kent & Sussex | $70,800 | $81,420 |
Participating Employers
- Applicant(s) must be a qualified employee of one of the program's participating employers in order to apply for LNYW assistance.
- Aloysius, Butler & Clark
- Aramark (at Wesley College)
- City of Milford
- City of Wilmington
- Decrane Aerospace/ Pats Aircraft Completions
- Dover Housing Authority
- Horizon House of Delaware, Inc.
- Latin American Community Center (LACC)
- Mona Lisa Restaurant
- Neighborhood House, Inc.
- Perdue Farms, Inc (Georgetown & Milford)
- Seawatch International
- St. Francis Hospital
- Town of Georgetown
- University of Delaware
- Wesley College
- West End Neighborhood House
- Westside Family Healthcare
- Wilmington Friends School
Participating Jurisdictions
- City of Wilmington
- City of Milford
- Town of Georgetown
Property Qualifications
To qualify, a property's purchase price cannot exceed:
| County | Purchase Price |
| New Castle | $366,990 |
| Kent | $328,762 |
| Sussex | $327,670 |
Notes
- The property must be a 1-unit home and must be within the LNYW boundaries (within three miles of your place of employment). In order for the employee to receive the local municipality's contribution, the property must be located within both the local municipality's and LNYW boundaries. Participants will receive a map of the LNYW and municipality boundaries from their employer. (This map should be provided to your realtor to determine property eligibility.)
- Completion of HUD-approved Homeownership Education/Housing Counseling course is required.
- The first mortgate must be 30-year fixed rate and there can be no cash out or back to borrower.
Related Details
Live Near Your Work is an employer-driven homeownership program. Eligible participants must be employed at a participating employer. Interested participants should visit their Human Resources contact for information.
Participating Lenders
| Lender | County | ||
| New Castle | Kent | Sussex | |
| Bank of America | 302.432.0033 302.498.7300 |
302.674.5708 | 866.469.4593 302.644.6450 |
| Chase Home Finance | 302.459.4455 | 302.678.9696 | 302.299.4582 |
| Chesapeake Mortgage Funding | 302.628.7663 | ||
| Community Residential Mortgage | 302.698.4130 | ||
| Delaware Financial Capital Corp. | 302.266.9500 | 302.266.9500 | 302.266.9500 |
| Fairway Independent Mortgage Corp. | 302.239.5173 | 302.877.0400 302.227.5626 |
|
| Gateway Funding Services | 302.645.8824 | ||
| Gilpin Financial Services | 302.656.5400 | 302.656.5400 | 302.656.5400 |
| Mason Dixon Funding | 302.239.1355 | ||
| MetLife Home Loans | 302.456.0776 | 302.734.5770 | 302.226.2800 |
| PNC Mortgage | 302.234.9206 302.286.0270 |
302.734.9316 302.736.1701 |
302.644.1713 302.644.0183 |
| Prosperity Mortgage | 302.838.4838 | 302.838.4838 | 800.798.8679 |
| Trident Mortgage | 800.334.6170 | 800.334.6170 | 800.334.6170 |
| Vision Mortgage Capital | 302.355.1828 | ||
| WSFS Bank | 302.573.3224 | 800.356.8945 | 800.356.8945 |
| Wachovia Mortgage | 877.371.2715 | 302.730.5482 | 302.730.5482 |
| Wells Fargo Mome Mortgage | 302.661.2500 302.239.6300 302.731.1400 |
302.672.1200 | 302.227.5710 |
| Wilmington Mortgage | 302.633.1660 | 302.633.1660 | 302.633.1660 |
| Wilmington Trust Co. | 866.829.1929 | 866.829.1929 | 866.829.1929 |
DSHA Contact Person
Do you have questions about this program? Would you like to suggest an improvement to this Web page? Contact DSHA at 302.577.5001 for more information.
