Your path to homeownership starts with Welcome Home
Welcome Home Programs
Smart Start
Smart Start
First mortgage loan with no down payment and closing costs assistance.
First State
First State
Zero-interest second mortgage equal to 3% of the first mortgage loan amount for down payment and closing costs assistance. No monthly payment required. Payment is deferred until the following events (whichever comes first): refinance, sale of home, transfer of title, or property is no longer used as a primary residence.
Keys4You
Keys4You
Zero-interest second mortgage equal to 4% of the first mortgage loan amount for down payment and closing costs assistance. No monthly payment required. Payment is deferred until the following events (whichever comes first): refinance, sale of home, transfer of title, or property is no longer used as a primary residence.
Take5
Take5
Zero-interest second mortgage equal to 5% of the first mortgage loan amount for down payment and closing costs assistance. No monthly payment required. Payment is deferred until the following events (whichever comes first): refinance, sale of home, transfer of title, or property is no longer used as a primary residence.
Diamond in the Rough
Diamond in the Rough
Minor repairs needed? This loan is for you! Must qualify for the FHA 203(k) limited program. Zero-interest second mortgage equal to 5% of the first mortgage loan amount used for down payment and closing costs assistance. No required monthly payment. Payment is deferred until the following events (whichever comes first): refinance, sale of home, transfer of title, or property is no longer used as a primary residence.
Welcome Home Income Limits
| County | Area | 1 or 2 Person Households | 3 or More Person Households |
|---|---|---|---|
New Castle |
Non-Targeted Areas |
$119,400 |
$137,310 |
New Castle |
Targeted Areas |
$143,280 |
$167,160 |
Kent & Sussex |
Non-Targeted Areas |
$108,800 |
$125,120 |
Kent & Sussex |
Targeted Areas |
$130,560 |
$152,320 |
Open Door
Open Door Programs
Smart Start
Smart Start
First mortgage loan with no down payment and closing costs assistance.
First State
First State
Zero-interest second mortgage equal to 3% of the first mortgage loan amount for down payment and closing costs assistance. No monthly payment required. Payment is deferred until the following events (whichever comes first): refinance, sale of home, transfer of title, or property is no longer used as a primary residence.
Keys4You
Keys4You
Zero-interest second mortgage equal to 4% of the first mortgage loan amount for down payment and closing costs assistance. No monthly payment required. Payment is deferred until the following events (whichever comes first): refinance, sale of home, transfer of title, or property is no longer used as a primary residence.
Open Door Income Limits
| County | 1 or 2 Person Households | 3 or More Person Households |
|---|---|---|
New Castle |
$143,280 |
$179,100 |
Kent & Sussex |
$130,560 |
$163,200 |
Purchase Price Limits for Single-Family Homes
| County | Area | Maximum Purchase Price |
|---|---|---|
New Castle |
Non-Targeted Areas |
$617,241 |
New Castle |
Targeted Areas |
$754,406 |
Kent & Sussex |
Non-Targeted Areas |
$544,232 |
Kent & Sussex |
Targeted Areas |
$665,173 |
What are targeted areas?
Targeted areas are specific locations identified to help expand homeownership opportunities. These areas are designated based on community needs and may offer additional flexibility or benefits for homebuyers. Targeted areas matter because if you purchase a home in a targeted area, you may be eligible for higher income limits, sales price limits and flexible program requirements.
You can use this link to determine if the home you’re interested in is located in a targeted area: click link here.
Targeted areas include the following Census Tracts:
New Castle County Targeted Census Tracts
0006.02 0019.02 0021.00
0023.00 0029.00 0030.02
Kent County Targeted Census Tracts
0425.00
Sussex County Targeted Census Tracts
0505.03 0507.11
