If you’re a first time home buyer in South Dakota, you might be able to get help with your home purchase. We found grants, loans and assistance programs that could make buying a home easier.
Get more help buying a house with low income here!
You could get down payment help if you’re a first time home buyer in South Dakota.
The USDA direct mortgage program could help you by providing 100% financing if you’re able to qualify for their program. As a first time home buyer in South Dakota, you could use the program to make buying a home a possibility. The program could help you save money by making sure you don’t have to pay a down payment. While some people do have some costs associated with purchasing a home using this program, you might not have to have any money up front. The program has requirements you’ll need to meet including living in an area the USDA deems rural.
South Dakota’s Housing Authority offers both closing cost and down payment assistance. They have grant programs as well as loan programs that you can use for these costs upfront. You might be able to qualify for a loan, a grant or both. You must meet the program requirements to get this help.
Homes Are Possible, Inc. might be able to help if you’re a first time home buyer in South Dakota. The program helps low-income families find a home, find the financing for the home and get into the home. They might even be able to help you with your down payment through their grant program.
South Dakota is a homeownership voucher participant. If you meet the state’s requirements and you’re able to find a home that works for your needs, you might be able to get help with the homeownership program. The program has income requirements you’ll have to make sure you meet before getting the voucher.
Get more help to make homeownership possible in SD.
If you’re in a rural area and you meet the other USDA requirements, you could get a loan that is backed by the USDA. While this loan is not directly from the department, it comes with the guarantee behind it from the department. You will need to meet qualifications and be within their income bracket. You might also have to meet their credit requirement before being approved for this type of loan.
If you’re a first time home buyer in South Dakota and in need of a home, you could get help through the Habitat for Humanity. The Habitat has a waiting list and requires people who are getting the home to put sweat equity into it. Habitat interest rates are often lower than traditional mortgage rates.
The South Dakota Housing Authority might be able to help you find a home and get a loan that works for your family. They have special loan programs that can help you with low interest rates. These loans can make it easier for you to afford your payment now and in the future.
South Dakota’s Governor’s House program could help if you qualify by meeting their income requirements. You could find affordable homes that are the right size for your family. The program might also make it easier for you to find the financing you need for your home.
Are you a Native American? You might be able to get homeownership opportunities.
If you’re a Native American, you might be able to find help through the Tribal Housing Authority. You can use this program if you’re a first time home buyer in South Dakota. This resource has information for you to find the contact for your tribe through email or phone.
You could get help through the VA in South Dakota.
If you’re a veteran, you might be able to get special financing or assistance as a first time home buyer in South Dakota. The program could help you find a loan with lower interest rates or a lower down payment requirement. As a veteran, you might also be able to get approved for a larger amount using a smaller income and even a lower credit score.
Find help with South Dakota counties.
You could get help through your county! There are some counties that provide assistance if you’re a first time home buyer in South Dakota. This help could make it easier for you to purchase a home and save money.
Charles Mix County
The Wagner Housing Program could provide assistance if you’re a low or moderate income first time home buyer in South Dakota. You will need to meet the requirements for income and for residency within the county. They may also have requirements for the type of assistance you can get. You could qualify for help with your down payment, closing costs or interest rates for your loan.
Lake County
The Madison Interlakes Community Action Program could provide you with assistance if you’re a first time home buyer in South Dakota. They offer a homeownership education program that could teach you more about homeownership and what you need to do to make it a possibility. You can also use the program to help you find the best financing options for your family, your home and your financial situation.
Pennington County
Rapid City has a community action agency that could provide you with a variety of homeownership services. You can learn more about being a first time home buyer in South Dakota in Rapid City as well as other homeownership opportunities. The program has requirements you’ll need to meet to get help through it and that could help you find what you’re looking for. Additionally, Rapid City might be able to provide you with assistance finding the right financing options for your home.
Roberts County
The Sisseton GROW program could help you with South Dakota affordable homes. They also have a homeownership assistance program that might be able to help you with loans or grants to purchase your first home. As a first time home buyer in South Dakota, you could use this program to learn more about what’s available in Roberts County and how you can save money on your first house.
Yankton County
Yankton’s Planning and Development department might be able to provide some assistance if you’re a first time home buyer in South Dakota. You will need to meet program requirements and get help with the options you need to save on your first home. The program might also be able to help you find financing opportunities.
