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WSFS Down Payment Grant Program

WSFS Bank (WSFS Mortgage) · New Castle, Kent, Sussex County, Delaware

Last verified
See what you qualify forOfficial program site →
Assistance

$5,000

The maximum the program publishes — not an offer

Income limit

100% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is WSFS Down Payment Grant Program?

WSFS Down Payment Grant Program is a grant for homebuyers in New Castle, Kent, Sussex County, Delaware, administered by WSFS Bank (WSFS Mortgage).

  • The WSFS Down Payment Grant Program provides up to $5,000 in non-repayable grant funds toward down payment and/or closing costs for buyers purchasing a primary residence in a Majority-Minority Census Tract within eligible Delaware counties (New Castle, Kent, Sussex). Household income must be at or below 100% of the census-tract AMI. The grant can be combined with other WSFS, community and government programs and pairs with a WSFS first mortgage.
  • Up to $5,000 toward down payment and/or closing costs.
  • No repayment required.
  • Up to 6% seller's assist.
  • Can be combined with the WSFS Neighborhood Opportunity Program and other assistance.
  • Homebuyer education included.
  • Funding comes from WSFS Bank Community Reinvestment program funds ($1.5 million committed for the 2025 award year).

How much assistance does it provide?

WSFS Down Payment Grant Program offers up to $5,000 in assistance.

  • The program can be combined with Can be combined with other WSFS, community and government down payment/closing-cost assistance programs, including the WSFS Neighborhood Opportunity Program.
  • Amounts are the program's published maximums, not an offer — WSFS Bank (WSFS Mortgage) determines any individual award.

Do you have to pay it back?

WSFS Down Payment Grant Program is structured as a grant, so it is not repaid.

  • Repayment is triggered by No repayment required for awarded grant funds.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

WSFS Down Payment Grant Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: Subject to WSFS mortgage underwriting / credit approval.
  • A completed homebuyer education course, through WSFS homebuyer education program (offered as part of the affordable mortgage programs).
  • DRAFT (dpa-gap-finder 2026-06-14): pending review. Geographically restricted to Majority-Minority Census Tracts (MMCT) and capped at 100% of census-tract AMI; the grant is reported to the borrower on a 1099-MISC. Annual funding is limited ($1.5M for 2025) and awarded while funds last. Bank-specific (WSFS only). Lien position, credit score, DTI and max purchase price set by WSFS underwriting and not published (left null).

The program excludes

  • Households above 100% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

WSFS Down Payment Grant Program limits household income to 100% of the area median income, which varies by county and household size.

  • Total household income cannot exceed 100% of the Area Median Income (AMI) of the census tract, based on HUD's published 1-to-4 household-member Area Median Income.
  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

WSFS Down Payment Grant Program can be used for Single Family, Townhouse, and Condo.

Where does it apply?

WSFS Down Payment Grant Program serves buyers purchasing in New Castle, Kent, Sussex County, Delaware.

How do you apply?

Applications for WSFS Down Payment Grant Program go through WSFS Bank (WSFS Mortgage), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through WSFS homebuyer education program (offered as part of the affordable mortgage programs)..

  2. Contact WSFS Bank (WSFS Mortgage) to reserve funds

    Funds are reserved through Grant funds are awarded while funds last during the award program year; WSFS leverages other down payment/closing-cost grant programs before deploying WSFS grant funds., and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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