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 first time homebuyers while the Home Again program is available for repeat homebuyers. Contact a participating lender for current rates. All first mortgage products are available with downpayment and closing cost assistance if needed by using a Second Mortgage Assistance Loan (SMAL) or Advantage 3. Available first mortgage products include:

  1. FHA, VA RDA 30 year fixed rate loans.
  2. Conventional* 30 year fixed rate loans.

  3. * Conventional Loan financing requires a 1% Conventional Loan Delivery fee.

How To Apply

  1. Contact a participating mortgage lender and say you want to participate in this program.
  2. Ensure the property you want to purchase meets all property requirements.
  3. Understand the loan terms, contract requirements, and related details.
  4. Please view Home Buyers' Information Guidebook

Targeted Areas
Income limits and purchase price limits are higher for homes purchased in targeted areas. The first-time homebuyer requirement is also waived, allowing repeat buyers who purchase a primary residence in a targeted area to apply for the Delaware First-Time Homebuyer Tax Credit. Check if the property you want to purchase is located in a targeted area by clicking on the link below.

  • Targeted areas include the following Census Tracts:
    • New Castle County: 6.01, 6.02, 9, 16, 21, 22, 23, 26, 27, 29, 30.02, 156
    • Kent County: none at this time
    • Sussex County: 505.03
    • To see if your selected property is in a qualified targeted area census tract, please click here:

View Larger Map

Borrower Qualifications
Maximum household income for eligibility are as follows:

County

Area

1 or 2 Person Households

3 or More Person Households

New Castle

 

$79,200

$91,080

 

Targeted

$95,040

$110,880

Kent & Sussex

 

$73,100

$84,065

 

Targeted

$87,720

$102,340



Property Qualifications
To qualify, a property's purchase price cannot exceed:

County

Purchase Price Limit

Targeted Census Tract
Purchase Price Limit

Kent
New Castle
Sussex

$371,250

$453,750



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.

Lender

County

New Castle

Kent

Sussex

AnnieMac Home Mortgage

302.234.6575

302.234.6575

302.234.6575

Apex Home Loans, Inc.

302.999.0130

302.999.0130

302.999.0130

Atlantic Home Loans

302.744.1550

302.744.1550

302.744.1550

Caliber Home Loans

302.584.0580

302.401.4000

302.354.5538

Citibank, N.A.

215.906.0729

Customer Bank

302.672.6655

302.672.6655

302.672.6655

Embrace Home Loans

302.657.0181

302.657.0181

302.657.0181

Evolve Bank & Trust.

302.286.7838

Fairway Independent Mortgage Corp

302.239.5173

302.227.5626

302.227.5626

First Choice Loan Services

302.778.9778

302.778.9843

302.947.2005

Fulton Bank N

302.983.0773

302.983.0773

302.983.0773

Guaranteed Rate Inc.

302.747.5069

302.747.5070

302.747.5071

Homebridge Financial Services, Inc.

302.691.5226

302.691.5226

302.691.5226

M & T Bank

866.829.1929

866.829.1929

866.829.1929

Meridian Bank

302.477.9449

302.477.9449

302.477.9449

Mortgage America Inc.

302.239.0600

302.239.0600

302.239.0600

Mortgage Network, Inc

302.633.1660

302.725.4531

302.633.1660

NewPenn Financial LLC

302.504.5000
302.781.3334

302.346.6000

302.346.6000

NVR Mortgage Finance

302.452.5502

302.452.5502

302.732.9930

Pike Creek Mortgage Services

302.892.2811

302.892.2811

302.892.2811

Primary Residential Mortgage, Inc.

302.703.0727

302.703.0727

302.703.0727

PrimeLending, A PlainsCapital Company

302.268.1244

302.268.1244

302.268.1244

Prosperity Home Mortgage

302.838.4838

302.838.4838

800.798.8679

Residential Mortgage Services, Inc.

302.540.1541

302.540.1541

302.540.1541

Shelter Mortgage

302.672.6655

302.672.6655

302.672.6655

Tidewater Mortgage Services Inc

302.998.7770

 

302.277.8252

Trident Mortgage

302.235.6405

302.235.6405

302.235.6405

Weichert Financial Services

302.992.7730

302.992.7730

302.992.7730

Wells Fargo

302.661.2500
302.239.6300
302.731.1400

302.672.1200

302.227.5710

WSFS

302.283.4687

800.356.8945

800.356.8945

= DE First-Time Homebuyer Tax Credit Participating Lender



Contact DSHA
Do you have questions about this program? Please contact DSHA toll-free at (888) 363-8808 or via email at ContactDSHA@DeStateHousing.com.