Grants for Grads

SD Housing / Ready to Buy? / Available Programs / Grants for Grads

Are you a recent graduate? Let us help you purchase your first home.

The Grants for Grads homeownership program provides five percent of the loan amount as a grant to be used for downpayment and/or closing cost assistance when recent graduates wish to purchase their first home in South Dakota.

Eligibility

You have an income at or below prescribed South Dakota Housing Income Limits.
The home you are wanting to purchase will be your principle residence and in South Dakota
You are a first-time homebuyer, meaning you have not owned a home in the past three years.
You are wanting to purchase a house with a purchase price that is less than $385,000.
You are a recent graduate, meaning you have earned a degree from an accredited postsecondary educational facility recognized by the U.S. Department of Education within the last 60 months.

See your Participating Lender for complete details

Availability

The Grants for Grads homeownership program is available for a limited time in conjunction with a SDH first mortgage available through a Participating Lender.

How do I apply?

To get started contact a Participating Lender in your area for an appointment to confirm the current interest rates and other SDH requirements, and begin the application process.

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