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 firstname.lastname@example.org