Delaware Diamonds Home Loan

Delaware State Housing Authority offers Delaware Diamonds Home Loan to home buyers in Delaware: up to $10,000, as a forgivable loan.

Amount: As much as $10,000
Type of help: Loan that can be forgiven
Limited to first-time buyers: No
Your credit score: At least 620

How is Delaware Diamonds Home Loan paid back?

It's a forgivable loan, a second loan at 0% that can be forgiven.

Once you've kept the home and held its first mortgage for as many years as the program requires, the loan is written off.

Who qualifies for Delaware Diamonds Home Loan?

Available only to essential education and medical workers, first responders and veterans.
Limits on income apply; the DSHA homeownership website lists them.
Being a first-time buyer isn't required.
Your credit score must be 620 or higher.

In most cases, your county and household size set the limits. Use our HUD income limits tool to see the median income in your area and where your household falls.

How to apply for Delaware Diamonds Home Loan

Apply with an approved lender alongside your home loan, because Delaware State Housing Authority sends this help through those lenders.
After comparing your credit, income and the home with the program's rules, the lender sets aside money for you.
At closing, the help is paid toward your closing costs and down payment.

Check Delaware State Housing Authority's page for Delaware Diamonds Home Loan for the full rules and if applications are open. Or choose a lender from the agency's participating lenders.

Ask a lender about Delaware Diamonds Home Loan

Tell us where you're buying and a lender that works with Delaware's programs can tell you whether Delaware Diamonds Home Loan fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? Share your information and the lender will reach out to you.

More first-time buyer programs in Delaware

Delaware First State Home Loan:
Deferred loan worth up to 3% of the home loan.
Delaware Keys4You Home Loan:
A deferred loan, worth up to 4% of the home loan amount.
Delaware Take5 Home Loan:
A deferred loan, worth up to 5% of the home loan amount.
Delaware Diamond in the Rough Home Loan:
Deferred loan: up to 5%, calculated from the amount you borrow.
Delaware Home Sweet Home Program:
Forgivable loan of up to $12,000.

See every Delaware first-time home buyer program · Down payment help in every state