Overview of Delaware Mortgages
It may be the second-smallest state in the nation, but there’s big potential for homeowners in Delaware. From historic Georgetown to Wilmington, this tiny state packs in plenty of charm, character and seaside beauty. Historically, Delaware mortgage rates have been slightly higher, but still close, to the national average. Delaware is made up of only three counties, and each of them have uniform conforming limits.
| Product | Today | Last Week | Change |
|---|---|---|---|
| 30 year fixed | 5.75% | 6.00% | -0.25 |
| 15 year fixed | 5.00% | 5.25% | -0.25 |
| 5/1 ARM | 6.13% | 6.13% | 0.00 |
| 30 yr fixed mtg refi | 5.96% | 6.00% | -0.04 |
| 15 yr fixed mtg refi | 5.13% | 5.13% | 0.00 |
| 7/1 ARM refi | 5.88% | 5.75% | +0.13 |
| 15 yr jumbo fixed mtg refi | 3.04% | 3.07% | -0.04 |
National Mortgage Rates
| Lender | APR | Payment |
| Searching for Mortgages...  |
Historical Mortgage Rates in Delaware
Delaware Mortgage Rates Quick Facts
- Median Home Value: $371,600 (U.S. Census Bureau)
- Loan Funding Rate: 49.78% (CFPB)
- Homeownership Rate: 75.1% (St. Louis Fed)
- Median Monthly Homeownership Costs: $1,375 (U.S. Census Bureau)
In general, mortgage rates in Delaware follow suit with national average rates. Homeownership costs are also in line with the U.S. median.
A financial advisor in Delaware can help you plan for the homebuying process. Financial advisors can also help with investing and financial plans, including tax, retirement and estate planning, to make sure you are preparing for the future.
*The FHFA stopped reporting new data in 2018.
Delaware Mortgages Overview
Delaware home prices are relatively close to the U.S. average. The national median home value is $360,600, while Delaware’s is $371,600.
The conforming loan limit for each of Delaware’s three counties is the standard $832,750. FHA loan limits vary, however.
When you’re going through the buying process, transparency about the property is key. Delaware has a form specifically for the seller to list structural, termite, plumbing, roofing, heating, environmental and air conditioning problems. While that step can help inform the buyer of any major issues, it’s still best to add on a home inspection to verify the home’s problems before the property becomes yours.
30-Year Fixed Mortgage Rates in Delaware
If you plan to stay in your new home for the long haul, a fixed-rate mortgage might be the best choice for you. The most common type of home loan is a 30-year fixed-rate mortgage, in which the interest rate remains the same for the duration of the loan. Another option is a 15-year fixed-rate mortgage, which has lower interest rates but has higher monthly payments.
The average Delaware mortgage rate for a 30-year fixed mortgage is 5.99% (Zillow, January 2026).
Delaware Jumbo Loans
If you’re buying a home in Delaware, conforming loan limits are at the standard $832,750 limit in all three counties. If a loan exceeds that limit, it becomes a jumbo loan. If you are considering a jumbo loan for your mortgage, be aware that they come with higher interest rates to cover the increased risk on the part of the lender.
Delaware ARM Loan Rates
There is less certainty with an adjustable-rate mortgage (ARM) as compared to a fixed-rate mortgage. An ARM offers an introductory period that may last anywhere from one to 10 years, depending on the mortgage terms. A lower interest rate is available during that time. Once the initial period ends, the rate may change and typically that means it will rise.
The interest rate is capped at a certain level, however, which is laid out in the loan’s terms. Before choosing an ARM, it is key to make sure that the highest possible interest rate is one that you can afford to pay.
The average rate for a seven-year ARM in Delaware is 6% (Zillow, January 2026).
Delaware Mortgage Resources
Need financing help in Delaware? There are programs available for homebuyers and homeowners looking for assistance. If you’re just getting started, the Interfaith Community Housing of Delaware hosts courses via the NeighborWorks® Homeownership Center. In addition to classes focusing on finances and avoiding foreclosure, there is also a homebuying course to prepare you for homeownership.
Similarly, the Delaware First Time Homebuyer Seminars cover all the basics of buying your first home in Delaware, plus other assistance options out there. These seminars are free and are located in Newark, Dover and New Castle every couple weeks. There is also a virtual webinar option.
The Delaware State Housing Authority has programs for people looking to buy a home, repair their current home or get mortgage counseling. Depending on your situation, there are a variety of programs that could benefit you. It offers homeownership loan programs, first-time homebuyer tax credits and emergency mortgage assistance.
In Delaware, you may also qualify for assistance from the United States Department of Agriculture Rural Development. The program helps rural communities by offering aid in obtaining affordable housing. Loans in Delaware are available to qualified applicants looking to purchase a new home or repair their current one.
Delaware Mortgage Taxes
Homeowners are allowed to deduct the mortgage interest they pay when filing their federal income taxes. This applies for Delaware state income taxes as well. You can double your deductions for the qualifying mortgage interest payments you have made in the tax year by including it on both state and federal filings.
Another item to keep in mind: In Delaware, there is a 3% real estate transfer tax on the value of property unless there is also a local transfer tax, in which case the maximum rate becomes 2.5%. There is also a 2% transfer fee rate for construction projects that are over $10,000. These fees are generally split between the buyer and seller.
Delaware Mortgage Refinance
Refinancing in the First State? Delaware refinance availability is largely a function of lender programs and borrower qualifications. With HARP discontinued and Fannie Mae’s High Loan-to-Value Refinance Option paused, homeowners facing high LTV ratios may need to consider alternative refinance routes currently available.
