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    Serving Every State in America! Adding more to our gov surplus directory regularly.

Delaware – Rental Investor Friendly State

Delaware Loves Business!

In fact it is known for being a favorite of new businesses owners even from outside the state. More than 50% of American publicly traded businesses and 63% of the Fortune 500 are incorporated in Delaware. One of Americas favorite places to start a business is also a great place to run one, for rental home investors, opportunities have never been better.

Delaware is moving up

Delaware has made great strides over the last five years. Home and list prices are on the rise, as well as the total amount of equity gained. Going back five years, homes have increased 11.49 percent, with the national average just over 2 percent. The that is on par, and – in most cases – exceeding the national average, this speaks volumes as to the strength of the market.

Center of Business Professionals

The many business friendly laws attracting new businesses are a great asset to your rental investment business. Delaware is known as the national credit card center for the world. Bank of America, Chase card services and Barclays bank of Delaware are all headquartered in Wilmington with more always on the way. These companies have added life into the Delaware, pushing the economy forward.

Delaware occupies the northeastern portion of American and is the sixth most densely populated of the 50 United States. While the southern counties have historically been predominantly agricultural, new industries are rapidly expanding along with the expanding need for housing.

People in Delaware can afford the rent!

According to a 2013 study - Delaware had the ninth-largest number of millionaires per capita in America! The largest population of non-millionaires have steady jobs, namely being employed in the banking and credit industries or at Dover Air Force Base. Dover Air Force Base, near the state capital of Dover, is one of the largest Air Force bases in the country.

Although mortgage lender’s standards remain high, there are government-backed programs for buyers, including those that offer 100-percent financing. The Delaware State Housing Authority has expanded its programs, offering help to subsequent buyers in addition to its longtime incentives for first-time buyers.

Ten wealthiest places in Delaware

Ranked by per capita income:

  • Greenville: $83,223
  • Henlopen Acres: $82,091
  • South Bethany: $53,624
  • Dewey Beach: $51,958
  • Fenwick Island: $44,415
  • Bethany Beach: $41,306
  • Hockessin: $40,516
  • North Star: $39,677
  • Rehoboth Beach: $38,494
  • Ardentown: $35,577

A number of programs are helping to make ownership more accessible for prospective home buyers:

The Delaware State Housing Authority offers financing for first mortgages at below-market interest rates to qualified Delaware buyers. The Welcome Home program offers mortgages for first-time home buyers; the Home Again program is for repeat buyers. Buyers who need help with down payments or closing costs can apply for Second Mortgage Assistance Loan (SMAL) or Advantage 4. The maximum loan amount is $417,000.

The Vacant Home buyers Assistance program in New Castle County offers incentives for buyers to occupy homes that have been empty for 90 days or more in areas of Bear, Claymont, Edgemoor and Glasgow. Properties in the City of Wilmington are not eligible. Buyers can borrow up to $8,000 in down payment and closing costs at zero interest. Home prices cannot exceed $335,400 and income cannot be more than 120 percent of the median household income for the county, or $66,200 for an individual. For details go to or call (302) 395-5618.

The United States Department of Agriculture offers USDA Rural Development loans to low-income home buyers in areas with fewer than 20,000 residents. In Delaware, that excludes most of New Castle County and greater Dover. For qualified buyers, there’s no money down and fixed interest rates as low as 1 percent for both new and existing properties. Instead of sticking strictly to credit scores, the program evaluates a buyer’s overall credit history to determine how likely the buyer is to make payments. (302) 857-3580.

State of Delaware Real Estate Resources:

Landlord Real Estate Law in Delaware

Delaware Investment Real Estate for Sale by the Government


Government owned Multi Family Housing may be for sale by the USDA-RD and USDA-FSA.

To see if there are any RD/FSA rental properties for sale in Delaware, CLICK HERE

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    Serving Every State in America! Adding more to our gov surplus directory regularly.

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Rental Home Financing, as the best mortgage lenders we originate rental home loan products and cash out refinance investment property loans as the best investment property refinance lenders. Commercial blanket loans are available with a commercial purpose to suit your needs.

Also, as DSCR loan specialists, we are currently authorized to make such loans in most all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). When you are ready to get a mortgage for rental property, we are ready to serve you.

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