Mortgage rates in Delaware
Average 30-year fixed 6.49% · Updated July 9, 2026 · Freddie Mac (FRED)
Delaware has no sales tax and relatively modest property taxes. Below is what buying at Delaware's median price looks like at today's national average rate, plus the local property tax and assistance that actually change your payment.
What a mortgage costs in Delaware
The interest rate on a Delaware mortgage is the same 6.49% national average a lender would quote anywhere — rates are set by the bond market, not by your state. On Delaware's median $499,450 home with 20% down, the financed amount is $399,560, or about $2,523 a month in principal and interest.
What makes Delaware different is the cost around the loan. Its 0.58% effective property-tax rate adds roughly $241 a month, and homeowners insurance about $187 more — bringing the all-in estimate to $2,952. Those local costs, not the interest rate, are what set Delaware apart. Your own price and down payment will move the number — work backward from your income with the affordability check.
Getting approved in Delaware
Federal HMDA lending records show Delaware lenders originated 27,033 home loans in 2025 and denied 8,294 applications — an approval rate near 76.5% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our mortgage approval study, and how Delaware ranks for CFPB complaint data (2,212 on record).
Shopping for a loan? See the most active mortgage lenders in Delaware, ranked by federal HMDA volume.
Down-payment help in Delaware
You rarely need 20% down. DSHA — Delaware's housing finance agency — runs the state's main assistance program: DSHA Preferred Plus provides down-payment and closing-cost assistance. Eligibility usually turns on income limits and a homebuyer-education course. Check current terms at DSHA, see how a smaller down payment changes your number with the minimum down payment tool, or compare first-time buyer help by state.
Delaware mortgage FAQ
What is the current mortgage rate in Delaware?
As of July 9, 2026, the U.S. average 30-year fixed rate is 6.49%. The note rate itself is set nationally, not by state — a lender prices your Delaware loan the same way it would anywhere, based on your credit, down payment and loan type.
What changes locally is everything around the rate: Delaware's ~0.58% effective property tax, insurance costs, and which assistance programs apply.
What is the monthly payment on a typical Delaware home?
On Delaware's median home price of about $499,450 with 20% down at today's 6.49% average 30-year rate, expect roughly $2,952/month — that's $2,523 principal and interest plus about $241 property tax and $187 insurance. Adjust the numbers for your exact price and down payment in our calculators.
How hard is it to get approved for a mortgage in Delaware?
In 2025, Delaware lenders originated 27,033 home loans and denied 8,294 applications — an approval rate of about 76.5% among decisioned applications, versus 76.6% nationally, according to federal HMDA data. See how every state ranks in our mortgage approval report.
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.