Even though Delaware is one of the smallest states in this great nation, it still has a number of areas that the United States Department of Agriculture considers to be rural. So, if you are you are in the market to buy a home, why not look into the USDA Home Loan Program?

Backed by the U.S government, these no money down, fixed interest rate loans offer 100% financing on qualifying Delaware homes. And, with the help of the lending experts of Consumer Real Estate Finance Co., you may be able to make your dream of homeownership become a reality.

  • No Maximum Loan Amount on Delaware Property
  • Flexible Credit Guidelines for Qualifying Delaware Residents
  • Low Fixed Interest Rates
  • Both New and Existing Properties May Qualify

Delaware Areas that Qualify for a USDA Loan

Remember, your definition of “rural” and the USDA’s definition of “rural” may vary. So never assume that a property you are interested in does not qualify. To be USDA Loan Eligible, the area in which the property is located must be outside city limits and have less than 20,000 residents.

If you are in doubt, the experts here at Consumer Real Estate Finance Co.  can offer guidance. Fill out the application on this page, or call one of our certified USDA loan agents at 1-866-854-4242.


Delaware’s USDA Loan Income Limits by County

There are a couple of other restrictions that affect USDA Home Loan Eligibility. These include credit history and income limits.

Credit History: The USDA Rural Development loan program does not have a strict credit score guideline. Rather, it evaluates your credit history in an effort to ascertain your willingness to meet repayment obligations.

Income Limits: If the home is in an eligible area, you must not exceed the current yearly USDA income limit set for your county. View the chart below for a list of Delaware USDA Loan Income Limits by county.

STATE:DELAWARE PROGRAM 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Dover DE MSA VERY LOW INCOME 23250 26550 29850 33150 35850 38500 41150 43800
LOW INCOME 37150 42450 47750 53050 57300 61550 65800 70050
MOD.INC-GUAR.LOAN 78900 78900 78900 78900 104150 104150 104150 104150
Philadelphia-Camden-Wilmington PA-NJ-DE-MD VERY LOW INCOME 28550 32600 36700 40750 44050 47300 50550 53800
LOW INCOME 45500 52000 58500 65000 70200 75400 80600 85800
MOD.INC-GUAR.LOAN 93450 93450 93450 93450 123350 123350 123350 123350
Sussex County DE VERY LOW INCOME 21950 25050 28200 31300 33850 36350 38850 41350
LOW INCOME 35050 40100 45100 50100 54100 58100 62100 66150
MOD.INC-GUAR.LOAN 78900 78900 78900 78900 104150 104150 104150 104150

Remember, Consumer Real Estate Finance Co. is here to answer all your questions.  For help applying for a Delaware USDA Loan, contact us today.