DSHA Home Sweet Home Program
Funding status: Active
How much assistance
Up to $12,000 (Forgivable Loan)
Zero-interest forgivable second loan. Balance decreases by 10% each year the homeowner resides in the property as their primary residence. Fully forgiven after 10 years.
Eligibility
- Income limits: At or below 80% of area median income (AMI). 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).
- Purchase price limit: $285,000
- First-time buyer required: No
- Credit score minimum: 620
- Geographic restrictions: Must purchase within the State of Delaware.
- Homebuyer education required: Yes
How to Apply for DSHA Home Sweet Home Program
Step 1: Apply through a DSHA-approved lender. Must use the DSHA Smart Start Home Loan Program as the first mortgage.
Notes
Available to both first-time and repeat buyers. Maximum sales price of $285,000.