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Homeownership Loan Program
DSHA offers first mortgage financing at below-market interest rates to qualified Delaware homebuyers.
Loan Terms
Welcome Home loans provide financing to fist time homebuyers while the Home Again program is available for repeat
homebuyers. DSHA also offers Loans for Heroes, which provides Veterans who meet eligibility requirements a ½%
reduction in the first mortgage rate for the life of the loan, based on funds availability.
Contact a
participating lender for current rates. All first mortgage products are available with
downpayment and closing cost assistance if needed. Available products include:
- FHA, VA RDA 30 year fixed rate loans.
- Conventional* 30 year fixed rate loans.
* Conventional Loan financing requires a 1% Conventional Loan Delivery fee.
How To Apply
- Contact a participating mortgage lender and say you want to participate in this program.
- Ensure the property you want to purchase meets all property requirements.
- Understand the loan terms, contract requirements, and related details.
- Please view Home Buyers'
Information Guidebook
Targeted Areas
Throughout this page the terms "targeted areas" and "non-targeted areas" are used. Different qualification
requirements apply if a targeted or non-targeted area is selected by a borrower. You can see if the property you want to purchase is in a
targeted area by clicking on a Census Tract number below.
- Targeted areas include the following Census Tracts:
- New Castle County:
1,
7,
17,
20,
21
and 22.
Or, see all tracts.
- Kent County:
411
Or, see the CT 411 area.
- Sussex County: none at this time
- To see if your selected property is in a qualified targeted area census tract, please click
here:
Map Legend Definitions
- ROC Target Areas: Additional Downpayment & Settlement Assistance Available via ROC
- HLP Target Areas: Higher Income and Purchase Price Limits Apply for HLP
Borrower Qualifications
To qualify, a borrower's current gross family income cannot exceed:
| County |
Area |
1 or 2 Person Households |
3 or More Person Households |
| New Castle |
Non-targeted |
$81,500 |
$93,725 |
| |
Targeted |
$97,800 |
$114,100 |
| Kent & Sussex |
Non-targeted |
$73,300 |
$84,295 |
| |
Targeted |
$87,960 |
$102,620 |
Property Qualifications
To qualify, a property's purchase price cannot exceed:
| County |
Type of Loan |
Type of Home |
| 1 Unit |
2 Units |
3 Units |
4 Units |
| New Castle |
Non-targeted |
$387,692 |
$496,292 |
$599,907 |
$745,569 |
| |
Targeted |
$473,845 |
$606,579 |
$733,220 |
$911,251 |
| Kent |
Non-targeted |
$347,307 |
$438,972 |
$530,613 |
$659,438 |
| |
Targeted |
$424,486 |
$536,521 |
$648,527 |
$805,979 |
| Sussex |
Non-targeted |
$346,153 |
$437,514 |
$528,881 |
$657,250 |
| |
Targeted |
N/A |
N/A |
N/A |
N/A |
Related Details
Delaware banks and other financial institutions may apply to DSHA to become approved lenders to originate
below-market interest rate first mortgages.
Participating Mortgage Lenders
Once you know you have met all requirements for this program, contact the lender of your choice.
DSHA Contact Person
Do you have questions about this program? Would you like to suggest an improvement to this Web page? Please contact DSHA at 302.577.5001.
