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…

GROW South Dakota’s Down Payment Closing Costs Assistance programs offer most qualifying buyers between $5,000 and $7,500 in 0% interest, deferred loans to help cover down payment and closing expenses when purchasing a home in eligible South Dakota communities.

Eligible for: Homebuyers in eligible South Dakota rural and urban areas who secure financing from a GROW SD-approved first mortgage lender, meet income (o…

Sioux Falls’ Public Safety Down Payment Assistance Program provides up to $20,000 (or 20% of the purchase price) in forgivable down payment assistance to help police officers, firefighters, and other public safety employees buy homes in targeted city neighborhoods.

Eligible for: Full-time, certified public safety officers (police, fire, and other eligible roles) employed for at least one year, purchasing an owner-occ…

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.