No money down
For starters, a USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind!
Delaware USDA Loans Information
My state-specific information
Eligibility Requirements – Delaware
The average household income limits for a USDA home loan in the state of Delaware are around $119,850 and can be as high as $181,250 for a household of 5 or more people. There is a link below to search the USDA home loan income limits per counties for the state of Delaware.
The map below shows the USDA loan eligible areas for the entire state of Delaware. As you can see the majority of the southern part of the state qualifies for USDA financing. Go to the USDA property eligibility screen for more specific information. If you’re purchasing in the Wilmington metro area, income limits are higher than the rest of the state. Complete a quick USDA prequalification and we’ll confirm your exact eligibility.
Delaware USDA Income Limits (Moderate Income – Guaranteed Loan)
Most areas of Delaware follow the standard USDA income limit. New Castle County (Philadelphia MSA) has a higher limit.
| Area | 1–4 Person | 5+ Person |
|---|---|---|
| Standard Delaware Limit (Dover MSA & Sussex County) |
$119,850 | $158,250 |
| Philadelphia–Camden–Wilmington, PA-NJ-DE-MD MSA (New Castle County, DE) |
$137,300 | $181,250 |
USDA income limits in Delaware are based on total household income and household size. This includes income from all adult household members, not just the borrower.
If your total qualifying household income is within the limit for your area and household size, you may qualify for a USDA loan with 100% financing (no down payment required).
Check Your Delaware USDA Eligibility
USDA loans are available in eligible rural and suburban areas throughout Delaware. We can quickly:
- Verify your household income eligibility
- Confirm the property is in a USDA-eligible location
- Provide a fast payment estimate
Income limits shown are for USDA Guaranteed loans and may change annually. Final eligibility depends on verified household income, household size, and USDA program guidelines.
- NO down payment – Finance 100% of your home
- NO assets needed to qualify
- Flexible credit guidelines
- Competitive, fixed interest rates so payments do not increase
- USDA Loans are for new and existing properties
Start your Delaware USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.
What areas are eligible?
USDA Eligibility Map – Delaware
USDA Home Loan Features
Great interest rates
USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.
Need a 620 credit score
USDA Loans .Net requires a middle credit score of at least 620. If you are close, apply and we can help.
Affordable 30 year terms
USDA home loans also offers affordable 30 year terms. If you are a first time home buyer, or not, a USDA loan is the perfect fit.
Roll in your closing costs
A USDA loan allows you to finance in your closing costs up to the appraised value. Making the USDA loan the only mortgage on the market with this ability.
Apply today
Start your USDA Loan now! It only takes 30 seconds to see if you qualify.
New Applicants: For questions about a mortgage application currently in process, please reach out to your Mortgage Loan Officer. If you are not sure who your Mortgage Loan Officer is, please email our Mortgage Help Desk at mortgagehelpdesk@magnoliabank.com. Customer Feedback: For complaints or to provide feedback, please email complaints@magnoliabank.com.
This communication does not constitute a commitment to lend or the guarantee of a special interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval.
