DSHA Offers Below-Market Interest Rates To DE 1st Home Purchasers

Special Loan Program For 1st Time Buyers In DE

Looking to purchase your 1st residence in Delaware but find yourself at a loss as to where to turn for a mortgage loan? Look no further. First time home buyer loans in Delaware are provided by the Delaware State Housing Authority (DSHA). Not only do they provide below-market interest rates on your home loan, they also provide other cherished programs for 1st time home buyers.


Delaware First Time Home Buyer Loans
Delaware First Time Home Buyer Loans

Here are some details on DSHA’s loan program:

Contact a Participating DSHA Mortgage Lender

DSHA works with participating lenders to offer its mortgage products. Click the link above to contact a lender and ask about DSHA’s affordable first-mortgage loans, tax credits and available down payment assistance.
Loan Terms

Welcome Home loans provide financing to first time homebuyers while the Home Again program is available for repeat homebuyers. Contact a participating lender for current rates. All first mortgage products are available with downpayment and closing cost assistance if needed by using a Second Mortgage Assistance Loan (SMAL) or Advantage 4. Available first mortgage products include:

  1. FHA, VA RDA 30 year fixed rate loans.
  2. Conventional 30 year fixed rate loans.


How To Apply

  1. Contact a participating mortgage lender and say you want to participate in this program.
  2. Ensure the property you want to purchase meets all property requirements.
  3. Understand the loan terms, contract requirements, and related details.
  4. Please view Home Buyers’ Information Guidebook

For complete details on this loan, including contact information and instructions on how to apply, please visit this DSHA loan description page.

More Delaware First Time Buyer Resources

In addition to the above first time homebuyer loan from DSHA, there are resources available as well. Be sure to visit Delaware down payment assistance, as well as our page that shares details about grants available in DE to purchase your first home.