
Homeownership Loans
A DSHA mortgage is a 30-year, fixed-rate loan with interest rates at or below the standard market rate for qualified buyers. That means you get a better deal! Our loans work through standard mortgage programs, including conventional, VA, FHA and USDA mortgages. And it doesn’t matter if you’re buying for the first time or have owned a house before.
Smart Start Home Loan: A first mortgage loan formally known as “DSHA unassisted”. Interest rates will be priced daily and will be at or below current market rates. Program available for conventional and government loans.
Eligibility
- Maximum household income must be at or below the following limits:
- New Castle County
- 1-2 people: $137,280
- 3 or more people: $171,600
- Kent & Sussex County
- 1-2 people: $117,240
- 3 or more people: $146,550
- New Castle County
- Minimum credit score of 620. (Applicants with credit scores of 659 or below must participate in housing counseling.)
- Maximum Sales Price:
- New Castle County: $539,250
- Kent & Sussex County: $481,176
DSHA also offers down payment and closing cost assistance as well as a First-Time Homebuyer Tax Credit. Scroll for more info on those programs!
If you’re ready to get started in the homebuying process, reach out to one of the participating lenders and let them know you’re interested in using DSHA’s programs to buy a home.