See programs you qualify for
Get Matched Free →SDHDA First-Time Homebuyer Program (Fixed Rate Plus)
Funding status: Active
How much assistance
3% or 5% of loan amount
Second mortgage at 0% interest, no payments, due-on-sale or upon satisfaction of first mortgage. No additional fees.
Eligibility
- Income limits: Varies by county. Approximately $71,540 for 1-2 person households and $81,760 for 3+ households (non-targeted areas). MCC limits run higher.
- Purchase price limit: $410,000
- First-time buyer required: Yes — Has not owned a primary residence in the past 3 years (waived in targeted areas).
- Credit score minimum: 640
- Geographic restrictions: Property must be located in South Dakota.
- Homebuyer education required: Yes
How to Apply for SDHDA First-Time Homebuyer Program (Fixed Rate Plus)
Apply through an SDHDA participating lender. Find one at sdhousing.org or call 800-540-4241. Complete homebuyer education and submit the lender-prepared application package.
Free eligibility check
See every program you may qualify for
How soon are you looking to buy?
Question 1 of 6
housebuyerguides