Delaware Diamonds Home Loan
Funding status: Active
How much assistance
Up to $10,000 (Forgivable Loan)
Loan balance decreases by 10% each year of owner-occupancy. Fully forgiven after 10 years of continuous primary residence.
Eligibility
- Income limits: Must meet DSHA income limits. Kent and Sussex counties: $116,280 (1-2 persons), $145,350 (3+ persons). New Castle County: $126,480 (1-2 persons), $158,100 (3+ persons).
- First-time buyer required: No
- Credit score minimum: 620
- Geographic restrictions: Must be employed in Delaware in an eligible occupation.
- Homebuyer education required: Yes
How to Apply for Delaware Diamonds Home Loan
Step 1: Contact a DSHA-approved lender to apply. Must be employed in an eligible essential worker occupation in Delaware.
Notes
Eligible occupations: Delaware State employees, public and private school employees, healthcare workers (Bayhealth, Beebe, Nemours, St. Francis, Christiana Care, VA Hospital), first responders (firefighters, police, paramedics, EMTs — full-time and volunteer), active-duty military, and qualified veterans. Can be combined with DSHA first mortgage programs.