SDHDA helps people become homeowners by providing a variety of programs that assist low and moderate-income South Dakotans. Low interest rates, closing cost assistance, downpayment assistance programs, the Governor's House and home improvement loans are all part of SDHDA's goal of Building a Better Quality of Life. 

First-time Homebuyers

The First-time Homebuyer Program provides low interest mortgage loans to eligible homebuyers purchasing a home in the state of South Dakota. There are several interest rate options available.

Second-time Homebuyers

Eligible Veterans who have been honorably discharged from active military duty, or have reenlisted subsequent to the date they would have been honorably discharged, and have owned a home within the past three years may obtain mortgage financing through SDHDA's First-time Homebuyer Program under a "Veteran's Waiver."

Downpayment Assistance

The Loan Assistance Program (LAP) provides income-eligible homebuyers with a 5.0% loan for downpayment and closing cost assistance.

The Employer Mortgage Assistance Program (EMAP) is available to homebuyers who work for a participating employer and provide a 2.0% loan for downpayment and closing cost assistance.

Home Improvement

The Community Home Improvement Program (CHIP) provides low interest loans for home repair and improvement.