Mortgage rates
Current mortgage rates · week of June 18, 2026
| Week | 30-yr / 15-yr fixed |
| June 18, 2026 | 6.47% / 5.81% |
| June 11, 2026 | 6.52% / 5.84% |
| June 4, 2026 | 6.48% / 5.79% |
| May 28, 2026 | 6.53% / 5.87% |
| May 21, 2026 | 6.51% / 5.85% |
| May 14, 2026 | 6.36% / 5.71% |
| May 7, 2026 | 6.37% / 5.72% |
| April 30, 2026 | 6.30% / 5.64% |
U.S. weekly averages — Freddie Mac Primary Mortgage Market Survey via FRED.
Delaware Mortgage Overview
Delaware is the second smallest state in the United States and is also one of the only states with no sales tax. Its median house price is around $250,000 and almost 75 percent of the homes in Delaware are owner-occupied
If you're thinking of moving to Delaware, there are great first-time homebuyer programs available.
Delaware conventional loans
Borrowers with great credit and low outstanding debts may qualify for a conventional loan. These loans aren't backed by the government, so borrowers pay Private Mortgage Insurance if they make less than a 20 percent down payment, but the low interest rates and closing costs are worth it. You can cancel PMI once you owe less than 80 percent of the home's value.
Delaware FHA loans
Borrowers with a lower credit score may do better with FHA financing. FHA loans require just a 580 credit score and a 3.5 percent down payment. Borrowers with a lower credit score may qualify too if they have at least 10 percent down on the home. FHA loans have flexible underwriting requirements, but require mortgage insurance for the life of the loan.
Delaware VA loans
Veterans of the military or any current military member with at least 181 days served may qualify for 100 percent VA financing. With no down payment, veterans need just a 620 credit score and 'decent' debt ratios to qualify. VA loans don't require monthly mortgage insurance either.
Delaware USDA loans
Borrowers looking to live in rural parts of Delaware and who don't make over 115 percent of the area's median income may qualify for a USDA loan. This loan program doesn't require a down payment and has low interest rates and closing costs. USDA loans require monthly mortgage insurance, but it's not as high as other programs.
First-Time Homebuyer Programs in Delaware
The Delaware State Housing Authority has a few great programs for first-time homebuyers:
DSHA Homeownership Loans
The DSHA homeownership loans offer lower interest rates for borrowers with low to moderate-income levels. Borrowers need a 620 credit score and max debt ratio of 45 percent. All borrowers must attend homebuyer education courses.
Down payment assistance
Borrowers using the DSHA homeownership loan may also use the Preferred Plus Assistance program which provides money for the down payment and/or closing costs. The funds are a second loan with no interest and due when you refinance the mortgage or sell the home. Borrowers may get as much as 2 to 5 percent of the sales price for down payment assistance.
Home for grads
Borrowers who recently graduated college (within the last 3 years) with a 4-year degree may qualify for a mortgage rate that's half a percent less than traditional rates.