SD Housing First-Time Homebuyer Program

South Dakota Housing Development Authority

Available Down Payment

About This Program

Down payment and closing cost assistance for first-time homebuyers in South Dakota. Must be used in conjunction with SDHDA mortgage financing and meet income limits.

Down payment assistance provided as forgivable second mortgage

Key Details

  • Up to $5,000 down payment assistance
  • For first-time homebuyers in South Dakota
  • Must use SDHDA mortgage financing
  • Income limits apply (varies by household size)
  • Forgivable second mortgage structure

How to Apply

Deadline: Ongoing, subject to funding

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