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FHA loans in Hockessin, DE

Quick answer

The 2026 FHA loan limit in Hockessin, DE (New Castle County) is $630,200 for a single-family home, enough for a purchase price up to about $653,000 with 3.5% down. On the $550,200 median home value, that down payment is about $19,257 and the estimated payment is $4,246/month at 7.18%, which needs roughly $182,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $172,695; value-to-income ratio 3.19. Hockessin ranks 1 by home value and 8 by population among 13 places in our DE dataset.

What does an FHA loan cost on a typical Hockessin home?

ItemHockessin
Median home value (Census ACS)$550,200
Delaware median home value$326,800
Down payment (3.5%)$19,257
Loan incl. 1.75% upfront MIP$540,235
Estimated monthly payment (PITI + MI)$4,246
Income needed (28% / 36%)$182,000 / $142,000
New Castle County 2026 FHA limit (1 unit)$630,200
Max purchase price at the limit$653,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Delaware's 0.53% effective property tax rate (Census ACS), $1,196/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Hockessin?

Hockessin is in New Castle County where HUD's 2026 one-unit FHA limit is $630,200. With the minimum 3.5% down, that caps the purchase price at about $653,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Hockessin median home value of $550,200 is 68% above the Delaware median, and within what the county limit supports.

Which down payment assistance programs can Hockessin buyers use?

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FHA loan FAQs for Hockessin

Hockessin is in New Castle County, where HUD's 2026 FHA limit for a one-unit home is $630,200. With 3.5% down, that supports a purchase price up to about $653,000.

3.5% of $550,200 is about $19,257 with a 580+ credit score (10%, or $55,020, with a 500–579 score), plus closing costs.

At the $550,200 median value (above the Delaware median of $326,800), the estimated payment of $4,246/month at 7.18% needs about $182,000 a year under the 28% housing guideline, or $142,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 2 statewide programs are verified for this city (2 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.