Bootcamp For Buyers

First Time Homebuyer Programs in Delaware

Delaware offers several first-time homebuyer programs through the Delaware State Housing Authority (DSHA) to make homeownership more affordable and accessible. These programs include financial assistance and favorable mortgage options tailored to first-time buyers.

DSHA Preferred Plus Program

The Preferred Plus Program provides down payment and closing cost assistance for eligible buyers.

  • Offers assistance as a no-interest second mortgage, forgivable after 36 months.
  • Available statewide with no geographic restrictions.
  • Can be combined with DSHA first mortgage programs.

DSHA First Mortgage Program

This program offers competitive fixed-rate mortgages for first-time homebuyers.

  • Features 30-year fixed-rate loans with low interest rates.
  • Income and purchase price limits apply, based on county and household size.
  • Eligible for FHA, VA, USDA, and conventional loans.

Homeownership Loan Program

The Homeownership Loan Program is designed to provide affordable financing for qualified buyers.

  • Minimum credit score of 620 required.
  • Offers flexibility with loan terms and down payment requirements.
  • Must complete a homebuyer education course.

Delaware's first-time homebuyer programs provide the tools and financial support you need to achieve your homeownership dreams. Explore these opportunities to find the perfect fit for your needs.