South Dakota Housing Development Authority

South Dakota’s Fixed Rate Plus down payment assistance provides 3% or 5% of the first mortgage amount as a 0% interest, due-on-sale second mortgage to cover down payment and closing costs, helping first-time and repeat buyers bridge the upfront cost gap.

Eligible for: Eligible borrowers who qualify for SD Housing’s Fixed Rate Plus first mortgage and meet standard underwriting, property, and income guidelin…

SD Housing’s Available Homebuyer Programs hub introduces first-time and repeat buyers to affordable mortgage options, down payment and closing cost assistance, the Governor’s House Program, and homebuyer education resources statewide.

SD Housing’s First-Time Homebuyer guide walks new buyers through eligibility rules, income and purchase price limits, and next steps to access low-interest mortgages and down payment assistance in South Dakota.