Delaware First-Time Home Buyer Programs (2026) | Foraker Realty

by Brian Foraker

Delaware First-Time Home Buyer Programs: A Guide to Your Options

Buying your first home may be closer than you think. Delaware offers several programs that can help qualified buyers reduce upfront costs with below-market mortgage rates, down payment assistance, and closing cost support.

Here's a quick look at the programs available in 2026.

🏡 Welcome Home Program

The Delaware State Housing Authority's Welcome Home Program is designed specifically for first-time homebuyers. It offers competitive 30-year fixed-rate mortgages and can be paired with several down payment assistance options.

💰 Smart Start Home Loan

For buyers who don't need down payment assistance, the Smart Start Home Loan offers a competitive first mortgage with no additional assistance attached.

🔑 First State Home Loan

Receive 3% of your mortgage amount toward your down payment and closing costs through a deferred, zero-interest second loan with no monthly payments.

🔑 Keys4You Home Loan

Need a little more help? Keys4You provides 4% of your mortgage amount for down payment and closing costs through the same deferred, zero-interest structure.

⭐ Take5 Home Loan

The Take5 program offers up to 5% of your mortgage amount for qualified first-time buyers, helping reduce the cash needed at closing.

🛠 Diamond in the Rough

Found a home with great potential? This program combines an FHA 203(k) renovation loan with 5% down payment assistance, making it easier to purchase and update a home.

🏙 Wilmington First Start Program

Buying within the City of Wilmington? Eligible buyers may receive up to $15,000 toward their down payment and closing costs through the city's First Start Homebuyer Program, which may be combined with certain DSHA programs.