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First-Time Homebuyer Benefits

South Dakota has some great help for first time home owners. Benefits include low-interest fixed rate mortgage loans and cash assistance for homebuyers purchasing their first home.


  • Must be a first time home buyer. This includes anyone who hasn’t owned a home in at least 3 years. Mobile Homes owners are also eligible to apply.
  • Must be within the income limit for your county. For Beadle County, two or less people can’t make more than $64,700, 3 or more can’t earn more than $74,405.
  • Purchase price of the house can’t be more than $250,200

Down-payment Assistance: You can get up to 3% as a gift to help with the cost of your mortgage. The gift never needs to be repaid but you will have a higher interest rate. Lender Search>>

If you have questions please go to the SDHDA website and if you would like to continue the process give me a call/email and I would be happy to help you find a home!

Angie Uttecht 605-350-2553    angie@soldbyangie.com