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Delaware Housing Partnership (DHP)
This initiative makes available downpayment and closing cost assistance up to $10,000
How To Apply
- Make sure you (the borrower) meet all borrower requirements.
- Ensure the property you want to purchase meets all property requirements.
- Understand the loan terms and related details.
- Contact a participating mortage lender and tell them you want to participate in this program.
Availability of Funds
Funds are currently available.
Borrower Qualifications
Maximum household income for elgiblity are as follows:
| County | Household Income Maximum Limit | ||
| 1 or 2 Persons Household | 3 or more Persons Household | ||
| New Castle | $72,100 | $82,915 | |
| Kent & Sussex | $67,500 | $77,625 | |
Notes
- Borrower must participate in a housing counseling program approved by the Delaware State Housing Authority.
- Borrower may not have owned a principal residence in the past year.
Property Qualifications
To qualify, a property's purchase price cannot exceed:
| County | Purchase Price | Bond Limits |
| New Castle | $292,685 | $346,601 |
| Kent | $266,300 | $315,355 |
| Sussex | $247,000 | $292,500 |
Notes
- Properties may be new construction or existing units
- Home inspection by ASHI-certfied, NAHI-certified, or NACHI-Delaware Chapter inspectors on new and existing construction.
- Borrower must occupy the property as their primary residence.
- Delaware Housing Partnership (DHP) maximum purchase price limits may increase to match bond program when used with a bond loan.
Loan Terms
- Loan amounts, up to $10,000 are available to be used toward downpayment and settlement.
- The second mortgage will have a lien against the property
- Minimum borrower contribution will follow the mortgage requirements.
- Interest is calculated annually on July 1st using the interest rate of 6%.
- Principal and interest are deferred for 30 years, refinaced or sale, whichever occurs first.
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 | |
| C & F Mortgage | 302.999.0130 | 302.629.8370 | |
| Chase Home Mortgage | 302.453.4455 | 302.678.9696 | 302.226.8182 |
| Countrywide Home Loans | 302.479.8700 302.731.3700 |
302.674.5379 | 302.674.5379 |
| Delaware National Bank | 888.291.2400 | 888.291.2400 | 888.291.2400 |
| First Horizon Home Loans | 302.456.0776 | 302.734.5770 | 800.238.6662 |
| First Mariner Mortgage | 302.657.0181 | 302.657.0181 | 302.657.0181 |
| Gilpin Financial Services, Inc. | 302.656.5400 | 302.656.5400 | 800.656.5400 |
| GMAC | 302.428.3030 | 877.851.4622 | 302.226.2448 |
| National City Mortgage | 888.840.7130 | 888.840.7130 | 888.840.7130 |
| PNC Mortgage | 302.234.9206 302.286.0270 |
302.736.1701 302.734.9316 |
302.644.1713 302.644.0183 |
| SunTrust Mortgage | 302.453.2350 | 877.915.9159 | 877.915.9159 |
| Superior Mortgage Corp | 302.593.1958 | ||
| Trident Mortgage | 800.334.6170 | 800.334.6170 | 800.334.6170 |
| WSFS | 302.573.3224 | 800.356.8945 | 800.356.8945 |
| Wachovia Mortgage | 877.371.2715 | 302.730.5482 | 302.730.5482 |
| Weichert Financial Services | 302.832.9200 302.478.3800 302.992.9500 |
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| Wells Fargo | 302.661.2500 302.239.6300 302.731.1400 |
302.672.1200 | 302.227.5700 |
| Wilmington Mortgage | 302.651.8848 | 302.651.8848 | 302.651.8848 |
| Wilmington Trust | 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? Please contact Laura Moore, Housing Mortgage Loan Officer II, at 302.577.5001
