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SDdeferred loanactive

South Dakota First-Time Homebuyer Program

South Dakota Housing Development Authority

3-5% DPA, deferred 0% second mortgage

Overview

3-5% DPA at 0% deferred for SD first-time buyers.

Detailed requirements

First-time buyer. Pairs with SDHDA mortgage. 3-5% based on need. Income/purchase limits.

Eligibility at a glance

First-time buyer required
Yes
Min credit score
640
Owner-occupied required
Yes
Homebuyer education required
Yes

Ready to apply?

A free grant specialist walks you through eligibility and the official application in one short call.

Last verified 2026-09-02. Updated weekly. Always confirm details on the official program page before applying.