Loan Products
DSHA’s Homeownership Loan Program provides affordable financing to low and moderate income Delawareans.
Our current rates are:
| Product | Rates |
|---|---|
| FHA, VA, RD, Smart Start* | 7.625% |
| FHA, VA, RD, Delaware Diamonds** | N/A |
| FHA, VA, RD, Home Sweet Home*** | N/A |
| FHA, VA, RD, First State Home Loan**** | 8.500% |
| Freddie Mac, Smart Start* | 7.875% |
| Freddie Mac, Delaware Diamonds** | N/A |
| Freddie Mac, Home Sweet Home*** | N/A |
| Freddie Mac, First State Home Loan**** | 8.625% |
* Provides homebuyers with interest rate at or below market. Note on Freddie Mac DSHA does not have any LLPA’s.
** Applicants will be provided $15,000 of DPA, applicants(s) must meet the qualifications of the HEROs down payment program.
*** Applicants will be provided $12,000 of DPA, applicants(s) must meet the qualifications of the (sales prices) down payment program.
**** Applicants will be provided 4% of their Loan Amount , applicants(s) must meet the qualifications of the First State Home Loan Program.
All first mortgage products are available with down payment and closing cost assistance, if needed. Available loan products include:
- FHA, VA and USDA 30 year fixed-rate loans.
- Conventional 30-year fixed-rate loans.
Contact a participating lender to begin the application process.