DSHA Diamond in the Rough Program

Administered by: Delaware State Housing Authority (DSHA) · State · Deferred Loan

Funding status: Active

How much assistance

5% of the final loan amount for down payment and closing costs, plus up to $35,000 for renovations (Deferred Loan)

Second mortgage for DPA. Renovation costs consolidated into the first mortgage via FHA 203k Limited program.

Eligibility

  • Income limits: New Castle County: $126,480 (1-2 persons), $158,100 (3+ persons). Kent and Sussex counties: $116,280 (1-2 persons), $145,350 (3+ persons).
  • First-time buyer required: No
  • Credit score minimum: 640
  • Geographic restrictions: Must purchase within the State of Delaware.
  • Homebuyer education required: Yes

How to Apply for DSHA Diamond in the Rough Program

Step 1: Apply through a DSHA-approved lender. Uses FHA 203k Limited program to combine purchase and renovation into a single mortgage.

Visit program website

Notes

Eligible renovations include kitchen remodeling, painting, appliance upgrades, window/door replacement, roof repairs, and pool repairs. Minimum credit score of 640 (higher than other DSHA programs).

Available Statewide In