DSHA Welcome Home Loan Program

Administered by: Delaware State Housing Authority (DSHA) · State · Government-Insured Mortgage

Funding status: Active

How much assistance

Below-market 30-year fixed-rate first mortgage (Government-Insured Mortgage)

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: Yes — Must not have owned a home in the past 3 years. Exceptions for qualified veterans and buyers in targeted areas.
  • Credit score minimum: 620
  • Geographic restrictions: Must purchase within the State of Delaware.
  • Homebuyer education required: Yes

How to Apply for DSHA Welcome Home Loan Program

Step 1: Contact a DSHA-approved lender to apply. Borrowers with credit scores of 659 or below must complete housing counseling.

Visit program website

Notes

Offers Conventional, FHA, VA, and USDA financing through the Smart Start Home Loan Program. Can be combined with DSHA DPA programs. For first-time buyers only (with veteran/targeted area exceptions).

Available Statewide In