Prospective Participating Lender
Dear Prospective Participating Lender:
Thank you for your interest in Delaware State Housing Authority's (DSHA) Homeownership Program. Our participating lenders share the benefits of building a strong confidence among first time customers. Lenders may utilize our programs specifically designed to reach income eligible Delawareans.
In order to fully participate in the Homeownership Program, please complete and return to DSHA the offer to participate, Mortgage Origination Master Agreement (MOMA), all necessary supplemental information, your application fee in the amount of $3,000. If approved, the application fee will be credited toward your first year's annual participation fee. Please note, DSHA mortgage programs may be originated from offices located in Delaware and from offices located in geographic proximity to Delaware including Ocean City, Berlin, Salisbury, Denton through Elkton and Northeast Maryland and continuing up through Chadds Ford and into the Philadelphia Metropolitan area in Pennsylvania. To confirm if your company falls within the expanded area, please contact our office at the telephone number below and ask for Housing Finance. Lenders must also be approved as a correspondent lender with our Master Servicer, Lakeview Loan Servicing LLC. If your company is not already an approved lender, please contact Lakeview Loan Servicing's Counterparty Risk Management at CRM@bayviewloanservicing.com to start the application process.
We offer open enrollment for new lender applications. Complete applications should be submitted following the instructions in the application package.
Applications will be reviewed and lenders will receive notice within 5 business days after application deadline. Once approved, lenders receive valuable training and technical assistance so to execute and deliver solid, competitive products to their customers while earning a total of 2.25% in origination and service release premium.
You may also be interested in participating in our other programs to deliver home ownership resources to your customers. Application for each program is available below.
We look forward to your participation to provide affordable home ownership opportunities for the citizens of the State of Delaware. If you have any questions, please do not hesitate to contact our office at (302) 577-5001.
Please download and review the documents below to learn more about this program, get forms, and determine if you qualify.
- Delaware First-Time Homebuyer Tax Credit
- Homeownership Loans:
DSHA Contact Person
Do you have questions about this program? Would you like to suggest an improvement to this Web page?
Please contact: The Housing Finance office at 302.577.5001