Program guide
What to know before you click through
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.
Who qualifies?
South Dakota first-time homebuyers who have not owned a home in the last three years, Buyers whose only prior dwelling was not permanently affixed to a permanent foundation, because the page says that situation does not count as prior homeownership, Veterans who may qualify through SD Housing's published Veterans Waiver path, Borrowers meeting current SD Housing income limits and using a participating lender
What support do you get?
Statewide SD Housing first-mortgage backbone for first-time buyers, with the current consumer page routing borrowers to participating lenders, current rates, and separate tax-credit and downpayment-assistance resources.
Do you repay it?
The cited consumer page describes the statewide first-time-homebuyer mortgage entry point rather than one separate cash-assistance balance. Standard repayment follows the first mortgage selected with the participating lender, while any separate downpayment assistance or mortgage tax-credit feature uses its own official rules.
How do you apply?
Start with an SD Housing participating lender for the application and interview, confirm current income and purchase-price limits, and ask the lender whether the standard first-time rule or the Veterans Waiver applies to your file.
Official source evidence
The official SD Housing First-Time Homebuyer page says buyers must not have owned a home in the last three years, that buyers with prior dwellings not permanently affixed to a permanent foundation are not treated as prior homeowners for this rule, that borrowers must meet prescribed SD Housing income limits, and that the purchase price must be $410,000 or less. The page also tells borrowers to ask their lender about the Veterans Waiver.
View official source
Last verified
2026-04-19
Effective date not captured.
Paid preview
What paid access adds for SD Housing First-Time Homebuyer Program
See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.
Example paid output for this program. The free page stays visible either way.
Comparison preview
SD Housing First-Time Homebuyer Program
Amount: Statewide SD Housing first-mortgage backbone for first-time buyers, with the current consumer page routing borrowers to participating lenders, current rates, and separate tax-credit and downpayment-assistance resources.
Repayment: The cited consumer page describes the statewide first-time-homebuyer mortgage entry point rather than one separate cash-assistance balance. Standard repayment follows the first mortgage selected with the participating lender, while any separate downpayment assistance or mortgage tax-credit feature uses its own official rules.
First-time buyer: Varies
Risk checks preview
What gets flagged before you call a lender
- SD Housing First-Time Homebuyer Program requires a participating lender.
- SD Housing First-Time Homebuyer Program must be paired with a specific first mortgage.
Lender questions preview
Questions tied to this exact path
- Does SD Housing First-Time Homebuyer Program require a participating lender for this household and loan setup?
- Which first-mortgage product must be paired with SD Housing First-Time Homebuyer Program, and can it be combined with the saved options?
Action checklist preview
What you would do next
- Confirm whether SD Housing First-Time Homebuyer Program requires a participating lender.
- Verify the required first-mortgage pairing for SD Housing First-Time Homebuyer Program.
