Available Homebuyer Programs
SD Housing / Ready To Buy? / Available Homebuyer Programs
Unlock the door to homeownership in South Dakota with a range of affordable housing solutions designed to fit your needs. Whether you're a first-time buyer or purchasing again, South Dakota Housing offers programs like the First-Time Homebuyer Program and Repeat Homebuyer Program to help make your journey easier. With Downpayment Assistance and Closing Cost Assistance, owning a home is more within reach than ever. Recent graduates can take advantage of the Grants for Grads Program, while the Governor's House Program offers high-quality, energy-efficient homes at an affordable price. Start with Homebuyer Education to gain the tools and confidence needed for a successful homebuying experience. Explore these resources and take the next step toward owning a home in South Dakota.
Explore the Homebuyer Programs Available through SD Housing
First-Time Homebuyer
The First-Time Homebuyer Program provides a practical path to homeownership for individuals who haven’t owned a home in the past three years. Offering low-interest loans along with options for downpayment and closing cost assistance.
Repeat Homebuyer
Our Repeat Homebuyer Program offers competitive interest rates and reduced mortgage insurance premiums for those purchasing a subsequent home. Eligible participants can also access downpayment and closing cost assistance, streamlining the homebuying process.
Downpayment Assistance
The Downpayment Assistance Program offers eligible homebuyers 3% or 5% of the first mortgage loan amount to help cover downpayment and closing costs.
Homebuyer Education
Homebuyer Education Program equips prospective homeowners with the knowledge and confidence needed to navigate the homebuying process. Through a network of HUD-approved counseling agencies, the program offers over 200 classes annually, available in group settings, one-on-one sessions, or online formats.
Governor’s House Program
The Governor's House Program offers affordable, energy-efficient homes to income-qualified residents, including seniors and individuals with disabilities. The program features two- and three-bedroom homes built through the Governor's Inmate Training Program, which equips inmates with valuable construction skills.
Grants For Grads
South Dakota Housing's Grants for Grads program assists recent graduates in purchasing their first home by providing a grant equal to 5% of the loan amount, which can be applied toward downpayment and closing costs.