South Dakota program
South Dakota route through South Dakota Housing. This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.
Open questions
This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.
The page is clear that Fixed Rate Plus is live and that the second lien is 0% with no payments, but the borrower still needs the lender to confirm which assistance percentage applies.
Decision-ready public facts
Quick answer from published facts. Use this first, then jump to Go to South Dakota program hub if you need the wider state context.
Three percent or five percent of the first mortgage loan amount for down payment and closing costs.
0% deferred second mortgage
SD Housing says Fixed Rate Plus creates a second mortgage at 0% interest, with no payments and no additional fees, due on sale or satisfaction.
Unknown
Program guide
This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.
Borrowers seeking down payment and closing-cost help through an SD Housing participating lender, Homebuyers who qualify for an SD Housing mortgage product that can pair with Fixed Rate Plus, Borrowers choosing either the 3% or 5% assistance track with their lender
Three percent or five percent of the first mortgage loan amount for down payment and closing costs.
SD Housing says Fixed Rate Plus creates a second mortgage at 0% interest, with no payments and no additional fees, due on sale or satisfaction.
Ask an SD Housing participating lender about Fixed Rate Plus, confirm whether the file qualifies for the 3% or 5% assistance level, and close the 0% second mortgage together with the first mortgage.
The official SD Housing Downpayment Assistance page says qualified borrowers may receive 3% or 5% in downpayment and closing-cost assistance through Fixed Rate Plus. The page also says the assistance is a second mortgage at 0% interest, due on sale or satisfaction, with no payments and no additional fees.
2026-04-19
Effective date not captured.
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Comparison preview
Amount: Three percent or five percent of the first mortgage loan amount for down payment and closing costs.
Repayment: SD Housing says Fixed Rate Plus creates a second mortgage at 0% interest, with no payments and no additional fees, due on sale or satisfaction.
First-time buyer: Unknown
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Action checklist preview
Paid research preview
Paid research already tracks city and county programs, specialty and conditional paths for South Dakota.
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Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.
1 tracked
City and county down payment or closing-cost programs that never make it into the free statewide layer.
1 tracked
Conditional, paused, or specialty paths worth checking before you assume the state is a dead end.
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Full state board
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