See the latest Delaware mortgage rates for fixed loans (30 year, 20, 15, 10 FHA, VA, Jumbo) plus variable rates (10, 7, 5, 3 year). Also see how local rates compares nationally, and main lending options available across the state.
Buying a home in Delaware can be easier with today’s mortgage rates.
Delaware Mortgage Rates –
The table below shows today’s home purchase mortgage rates for Delaware, organized by credit score and lender type:
| Credit Score | Satisfaction | |||
|---|---|---|---|---|
| 720 - 850 | 690 - 719 | 620 - 689 | ||
| Nationally | 7.42% | 7.47% | 7.52% | |
| Delaware | 7.71% | 8.09% | 8.28% | |
| Credit Unions | 7.31% | 7.69% | 7.98% | 9.3/10 |
| Online lenders | 7.41% | 7.79% | 8.08% | 8.0/10 |
| Banks | 7.71% | 8.09% | 8.28% | 7.8/10 |
| 30 year fixed | 7.71% | 8.09% | 8.28% | |
| 30 year fixed FHA | 7.33% | 7.38% | 7.43% | |
| 30 year fixed VA | 6.88% | 6.93% | 6.98% | |
| 30 year fixed Jumbo | 5.47% | 5.52% | 5.57% | |
| 20 year fixed | 3.45% | 3.50% | 3.55% | |
| 15 year fixed | 7.02% | 7.07% | 7.12% | |
| 10 year fixed | 7.14% | 7.19% | 7.24% | |
| 3 year ARM | 7.48% | 7.53% | 7.58% | |
| 5 year ARM | 7.54% | 7.59% | 7.64% | |
| 7 year ARM | 7.00% | 7.05% | 7.10% | |
| 10 year ARM | 6.03% | 6.08% | 6.13% | |
| Satisfaction | 8.3/10 | 8.1/10 | 7.5/10 |
Source: MFP’s Community Home Purchase Rates Survey from Delaware members the last 30 days.
How Delaware Compares to National Averages
- Delaware mortgage rates (7.54% for best credit scores) are slightly above national averages (national average: 7.42%).
- Credit unions are more competitive: In Delaware, credit unions offer 7.14%, banks 7.54%, online lenders 7.24%.
Mortgage Options in Delaware
- 30 year fixed: 7.54% - most popular long-term option for predictable payments
- 20 year fixed: 6.62% - balance between payment size and interest savings
- 15 year fixed: 6.90% - lower total interest cost for borrowers building equity faster
- 10 year fixed: 5.67% - shortest fixed-term option with competitive rates
- 10 year variable: 4.24% - Offers a longer initial period with a variable rate...
- 7 year variable: 6.99% - A mid-term variable option...
- 5 year variable: 6.09% - Shorter-term variable mortgage...
- 3 year variable: 7.56% - Quick-adjusting mortgage...
- FHA mortgage: government-backed with flexible credit requirements
- VA mortgage: exclusive to veterans and military members with competitive rates
Delaware Metro Mortgage Rates*
| Metro / City | 30-Year Fixed APR | 15-Year Fixed APR |
|---|---|---|
| Wilmington | 6.16% | 5.72% |
| Dover | 6.12% | 5.68% |
| Newark | 6.14% | 5.70% |
| Middletown | 6.15% | 5.71% |
| Smyrna | 6.13% | 5.69% |
* APR rates shown are for borrowers with excellent credit. Click city names to view recommended lenders and ratings.
Delaware Best Mortgage Lenders
See which Delaware lenders are most recommended for a home mortgage by community members surveys in the State and in its main metro areas.
FAQs – Delaware Mortgage Rates
Are home purchase rates higher in Delaware than the U.S. average?
Delaware mortgage rates typically run slightly below the national average, providing cost savings for local homebuyers.
What credit score is best for buying a home in Delaware?
A credit score of 720 or higher typically secures the most competitive mortgage rates available in Delaware.
Is it better to choose a fixed-rate or ARM in Delaware?
Fixed-rate mortgages offer payment stability for long-term homeowners, while ARMs may benefit those planning to move or refinance within a few years.
More Info for Delaware Home Buyers:
Mortgage Rates & Tools
Home Purchase Calculator: Estimate your monthly payment.
First-Time Home Buyer: Guide for first home buyers.
Home Affordability Calculator: See what price range fits your budget.
FHA Mortgage Rates: Current rates for FHA buyers.
30 Year Fixed Home Mortgage: Today’s rate for the most common term.
15 Year Fixed Home Mortgage: Today’s rate for faster payoff.
Loan Programs & Assistance
FHA Loans: How FHA mortgages work and who qualifies.
Mortgage Documents Checklist: What you’ll need to apply, including special cases like self-employed and condo buyers.
Down Payment Assistance: Programs that help cover your down payment.
Lenders & Homeowner Resources
Best Mortgage Lenders in Delaware: Community rated lenders by city.
Delaware Home Insurance Cost: Average premiums and top rated local insurers.
Homeowner Resources & Grants: Grants and assistance programs nationwide.