Delaware State Housing Authority (DSHA) offers 3.99% interest on 30 year fixed-rate mortgages

That’s not a misprint, and yes it’s the lowest rate offered in the agency’s history!

The historic low interest rate is available to first-time home buyers Program on a 30 year mortgage with zero points and can be combined with a deferred second mortgage up to $10,000 for down payment and/or closing cost assistance through DSHA’s Second Mortgage Assistance Loan (SMAL).

Low- and moderate-income Delawareans who have not owned a home within the past three years are eligible to apply for any of the loans affiliated with DSHA. Eligible veterans may take advantage of the program even if they have previously owned a home. To qualify, eligible families can earn up to $89,470 and the maximum purchase price for a home is up to $378,000. Loans are available on a first-come, first-served basis.

Check out the Services Available for Homebuyers page or read the press release here. (PDF)

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