DOWN PAYMENT ASSISTANCE
Down Payment Assistance (DPA) in Delaware
Explore down payment and closing cost assistance for eligible Delaware homebuyers, including programs through the Delaware State Housing Authority (DSHA).
Down Payment Assistance Through DSHA
DelawareHomeLoanPros.com, powered by Cornerstone First Mortgage, is proud to offer the Delaware State Housing Authority loan program (DSHA loan) to our borrowers. This program is designed to make homeownership more accessible and affordable for residents of the First State. Purchasing a home is a significant milestone and DSHA loans provide unique benefits to help you achieve that milestone.
The DSHA loan program offers competitive interest rates, various down payment options, and closing cost assistance. These programs are tailored to support first-time homebuyers, as well as those looking to purchase in targeted areas or with specific needs. Cornerstone First Mortgage is an approved DSHA lender. Our experienced team can guide you through the eligibility requirements and application process. Let’s make sure you take full advantage of these valuable resources.
We Are Your DSHA Lending Partner
Dreaming of owning a home in Delaware? DSHA’s Delaware Mortgage Program pairs mortgage options with down payment and closing cost assistance for eligible buyers. Assistance depends on the program, loan amount, and eligibility.
Here’s a breakdown of DSHA loan options:
Cornerstone First Mortgage is listed in Housing Delaware’s participating lender directory. Our team can review DSHA program requirements and eligibility with you.
Ready to take the first step toward homeownership in Delaware? We can check your eligibility and explore your DSHA loan options. Our team is here to support you through every step of the process. Let us explore your financing options and turn your new home vision into reality.
- Welcome Home Program
- For first-time buyers; income and purchase-price limits apply.
- View current DSHA rates.
- Open Door Program
- For first-time and repeat buyers; eligibility limits apply.
- View current DSHA rates.
- Assistance Options
- First State: 3% of the first mortgage amount.
- Keys4You: 4%.
- Take5: 5%, Welcome Home only.
- Diamond in the Rough: 5%, Welcome Home only; FHA 203(k) limited eligibility required.
- How Assistance Works
- Zero-interest second mortgages; repayment is deferred until sale, refinance, title transfer, or the home is no longer a primary residence.
- Smart Start offers a first mortgage without assistance.
- Check current program requirements.
Sources and Program Details
These references explain general loan features and program requirements. Available products, qualification rules, rates, and terms depend on the lender, borrower, property, and project. Ask a loan officer to confirm the options available for your situation.
DSHA Approved Lending
Apply Now
DelawareHomeLoanPros.com offers expert guidance and access to DSHA loan programs. Benefit from competitive rates and down payment assistance. Don’t wait, contact us today to explore your options and start your journey to owning your dream home in the First State.