Making Your Homeownership Dreams a Reality: Delaware First-Time Homebuyer Programs

Priscilla Borges
Published on July 18, 2023

Making Your Homeownership Dreams a Reality: Delaware First-Time Homebuyer Programs


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♬ original sound – Priscilla Borges

Buying your first home is an exciting milestone, and for first-time homebuyers in Delaware, there are fantastic opportunities to turn that dream into a reality. In this blog post, we’ll explore various Delaware first-time homebuyer programs designed to provide financial assistance, guidance, and support throughout the homebuying journey.

  1. Delaware First-Time Homebuyer Tax Credit:

One of the most sought-after programs for first-time homebuyers in Delaware is the First-Time Homebuyer Tax Credit. This initiative offers a federal income tax credit of up to $2,000 annually, reducing the total tax liability for qualified applicants. The credit can significantly ease the financial burden of homeownership, making it a valuable asset for those purchasing their first home.

  1. Delaware State Housing Authority (DSHA) Programs:

The Delaware State Housing Authority (DSHA) offers a range of programs tailored to assist first-time homebuyers. These programs include down payment assistance, closing cost assistance, and favorable mortgage rates. DSHA’s programs are designed to increase housing affordability and provide accessible pathways to homeownership for low to moderate-income individuals and families.

  1. Delaware Mortgage Credit Certificate (MCC) Program:

The Delaware Mortgage Credit Certificate (MCC) Program is another valuable resource for first-time homebuyers. Through this program, eligible buyers can receive a tax credit of up to 20% of the mortgage interest paid each year. The MCC program aims to reduce the overall cost of homeownership, making it more feasible for first-time buyers to enter the real estate market.

  1. New Castle County First-Time Homebuyer Settlement Assistance Program:

Specifically catering to first-time homebuyers in New Castle County, this program provides down payment and closing cost assistance for qualified applicants. The initiative aims to support individuals and families in achieving homeownership within the county’s diverse housing market.

  1. Sussex County First-Time Homebuyer Program:

For those looking to buy a home in Sussex County, this program offers down payment and closing cost assistance to eligible first-time buyers. The Sussex County First-Time Homebuyer Program plays a crucial role in enhancing housing affordability and encouraging homeownership within the region.


Delaware is committed to helping first-time homebuyers achieve their homeownership dreams. The state’s diverse range of first-time homebuyer programs, including the Delaware First-Time Homebuyer Tax Credit, DSHA Programs, the Delaware Mortgage Credit Certificate (MCC) Program, and localized initiatives like the New Castle County and Sussex County programs, are designed to make homeownership more attainable and affordable.

As you embark on your journey towards purchasing your first home, explore these invaluable resources and consult with local housing authorities or trusted real estate professionals. With the support of these programs, you can navigate the complexities of the real estate market and take the first steps towards the home of your dreams in the beautiful state of Delaware.


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