Homeownership Loan Program

DSHA offers first mortgage financing at below-market interest rates to qualified Delaware homebuyers.

Program Options



Base Loan Rate



With SMAL down payment assistance



With Advantage 4 Grant



FNMA >80% LTV with No MI



Rates subject to change.

Contact a Participating DSHA Mortgage Lender

DSHA works with participating lenders to offer its mortgage products. Click the link above to contact a lender and ask about DSHA's affordable first-mortgage loans, tax credits and available down payment assistance.

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 4. Available first mortgage products include:

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

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:

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Borrower Qualifications
Maximum household income for eligibility are as follows:

Property Location by County

Income Limit

Kent, New Castle or Sussex


Property Qualifications
To qualify, the maximum loan amount may not exceed:

Residence Location

Maximum Loan Amount

Kent, New Castle or Sussex


Related Details
Delaware banks and other financial institutions may apply to DSHA to become approved lenders to originate below-market interest rate first mortgages.

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.