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Get Matched Free →NeighborWorks Dakota Home Resources Down Payment & Closing Cost Assistance
Funding status: Active
How much assistance
Up to $5,000 (HOF DPCC); up to $2,000 for single parents (Legacy Fund)
30-year deferred-payment second mortgage at 0% interest with no monthly payments. Balance due on sale, refinance, or maturity.
Eligibility
- Income limits: HOF DPCC: at or below 115% AMI. Legacy Fund (single parents only): at or below 150% AMI. Village on Monroe grant tier limits: $56,925 (1), $64,975 (2), $73,140 (3), $81,190 (4).
- First-time buyer required: No
- Credit score minimum: 640
- Geographic restrictions: Property must be located in Rapid City or western South Dakota. Some products are tied to NeighborWorks's Village on Monroe townhouse development.
- Homebuyer education required: Yes
How to Apply for NeighborWorks Dakota Home Resources Down Payment & Closing Cost Assistance
Step 1: Contact NeighborWorks Dakota Home Resources for current eligibility and application details. Complete a no-cost NeighborWorks Homebuyer Education course (online or in person). Submit application along with mortgage pre-approval.
Notes
NeighborWorks DHR is a CDFI and HUD-approved housing counseling agency serving western South Dakota. Verify current funding availability before applying.