Delaware First State Home Loan
Delaware State Housing Authority offers First State Home Loan to home buyers in Delaware: up to 3% of the home loan, as a deferred loan.
- Amount
- Up to 3% of the home loan
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Credit score
- 620 or higher
How is Delaware First State Home Loan paid back?
Deferred loan: 0% loan. You repay it when you sell, refinance, move out or give the home to someone else.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Delaware First State Home Loan?
- Varies by county and household size, from $111,400 to $141,105 with DSHA's Welcome Home loan, or $133,680 to $184,050 with its Open Door loan.
- You don't have to be a first-time buyer.
- A credit score of 620 or higher.
- It comes with a Delaware Mortgage Program first mortgage through Welcome Home or Open Door.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Delaware First State Home Loan
- Delaware State Housing Authority pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Delaware State Housing Authority's page for First State Home Loan, or pick a lender from the agency's list of participating lenders.
Ask a lender about Delaware First State Home Loan
Tell us where you're buying and a lender that works with Delaware's programs can tell you whether Delaware First State Home Loan fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Delaware
- Delaware Keys4You Home Loan: up to 4% of the home loan, deferred loan.
- Delaware Take5 Home Loan: up to 5% of the home loan, deferred loan.
- Delaware Diamond in the Rough Home Loan: up to 5% of the home loan, deferred loan.
- Delaware Home Sweet Home Program: up to $12,000, forgivable loan.
- Delaware Diamonds Home Loan: up to $10,000, forgivable loan.
All Delaware first-time home buyer programs · Down payment assistance in every state