Delaware Take5 Home Loan

Delaware State Housing Authority offers Take5 Home Loan to first-time buyers in Delaware: as much as 5% of the home loan amount, as a deferred loan.

Amount: As much as 5% of the home loan amount
Type of assistance: A loan with deferred repayment
Only first-time buyers: Yes
Your credit score: At least 620

How is Delaware Take5 Home Loan paid back?

This is a deferred loan at 0%. Repayment comes due when you sell, refinance, leave the home or pass it to another person.

You pay nothing each month on a deferred loan. The whole amount comes due when you sell, refinance or the first mortgage is paid off.

Who qualifies for Delaware Take5 Home Loan?

New Castle County allows $122,700 when 1 or 2 people are in the household and $141,105 with 3 or more. Kent and Sussex allow $111,400 at that smaller size and $128,110 at the larger one.
First-time buyers only (usually you haven't owned a home in the three years before buying).
Your credit score must be at least 620.
This assistance is available only with a Welcome Home first mortgage under the Delaware Mortgage Program.

Your county and household size set most limits. Use our HUD income limits tool to see the median income in your area and how your household compares.

How to apply for Delaware Take5 Home Loan

Delaware State Housing Authority uses approved lenders to pay this help, so your application goes through one of them with your home loan.
After reviewing your income, your credit and the property against the program rules, the lender reserves the money in your name.
At closing the help is paid, covering your closing costs and down payment.

Check Delaware State Housing Authority's page for Take5 Home Loan for the full rules and current application status. The agency also has a lender list if you want to pick one.

Ask a lender about Delaware Take5 Home Loan

Tell us where you're buying and a lender that works with Delaware's programs can tell you whether Delaware Take5 Home Loan fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? Leave your details and the lender will contact you.

More Delaware programs for first-time buyers

Delaware First State Home Loan:
Deferred loan worth up to 3% of the home loan amount.
Delaware Keys4You Home Loan:
Deferred loan worth up to 4% of the home loan amount.
Delaware Diamond in the Rough Home Loan:
Deferred loan worth up to 5% of the home loan amount.
Delaware Home Sweet Home Program:
A forgivable loan can be up to $12,000.
Delaware Diamonds Home Loan:
A forgivable loan can be up to $10,000.

Every Delaware program for first-time buyers · Down payment help in all states