Best of
Best Delaware State Housing Authority Lenders of 2019
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The Delaware State Housing Authority, or DSHA, offers programs to make homeownership more affordable. Here are some of our picks for top DSHA mortgage lenders.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Participates in some state down payment assistance programs.
- Offers educational resources for military borrowers.
- Provides digital tools for a streamlined application process.
Cons
- No mortgage rates displayed online.
- Must work with a loan officer for pre-qualification and preapproval.
National / Regional
National
Min. Down Payment
3%
Pros
- A robust suite of loan products.
- Licensed in all 50 states.
- Close in as little as 10 days using the Fairway app.
Cons
- Limited branch locations.
- Mortgage rates not posted on website.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Works with most borrowers as long as they have good credit scores and incomes.
- Provides a user-friendly digital platform that’s thorough in covering all types of borrowing scenarios.
- Has a 95% customer satisfaction rate, according to company data.
Cons
- Charges some fees, such as a $1,290 lender fee that includes a $150 application fee.
- Offers many products, which might confuse or overwhelm borrowers.
- Several click-throughs required for personalized rates.
at New American
at New American
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Uses manual underwriting to evaluate creditworthiness.
- Offers full online mortgage application, rate quotes, document upload and loan tracking.
- Home equity lending sets it apart from most non-bank lenders.
Cons
- Services not available in all 50 states.
Min. Credit Score
620
Min. Down Payment
3%
Pros
- Low rate of consumer complaints filed with the Consumer Financial Protection Bureau.
- Offers a "float-down" interest rate lock.
- Offers a proprietary closing-cost assistance program.
Cons
- No online mortgage rates.
- Charges an origination fee.
- Doesn't offer home equity products.
Summary of Best Delaware State Housing Authority Lenders of 2019
| Lender | Best For | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
 Caliber | veterans | 620 | 3% | Read review |
 Fairway | mobile convenience | N/A | 3% | Read review |
 Guaranteed Rate | mobile convenience | 620 | 3% | Read review |
New American Funding at New American | borrowers with low or limited credit | 620 | 3% | at New American |
 PrimeLending | borrowers with low or limited credit | 620 | 3% | Read review |
| Lender | Best For | Minimum Credit Score | Minimum Down Payment | Learn More |
|---|---|---|---|---|
Caliber | veterans | 620 | 3% | Read review |
Fairway | mobile convenience | N/A | 3% | Read review |
Guaranteed Rate | mobile convenience | 620 | 3% | Read review |
New American Funding at New American | borrowers with low or limited credit | 620 | 3% | at New American |
PrimeLending | borrowers with low or limited credit | 620 | 3% | Read review |
More DSHA participating mortgage lenders
These DSHA lenders are among the highest-volume mortgage providers in Delaware, but they haven’t yet been reviewed by NerdWallet.
Pike Creek Mortgage Services
- Offers a variety home purchase and refinance loans.
- Allows borrowers to request a customized rate quote and apply online.
- Has four offices in Delaware.
NVR Mortgage Finance
- Offers the gamut of purchase mortgage products.
- Allows borrowers to start their application online or in person.
- Has only one office in Delaware.
Meridian Bank
- Offers loans with down payments as low as 3%.
- Doesn’t have an online application or rate information.
- Has five branches in Delaware.
Residential Mortgage Services
- Offers a wide variety of mortgage types, including renovation loans.
- Lets borrowers get pre-qualified and apply online.
- Has seven offices in Delaware.
Prosperity Home Mortgage
- Offers a variety of mortgages with low down payment requirements.
- Provides an online pre-qualification and application option.
- Has four branches in Delaware.
More from NerdWallet:
Last updated on July 15, 2019
Methodology
To recap our selections...
NerdWallet's Best Delaware State Housing Authority Lenders of 2019
- Caliber: Best for veterans
- Fairway: Best for mobile convenience
- Guaranteed Rate: Best for mobile convenience
- New American Funding: Best for borrowers with low or limited credit
- PrimeLending: Best for borrowers with low or limited credit
