Looking for down payment and closing cost assistance, but not sure where to start? Ask your lender about South Dakota Housing Development Authority's Fixed Rate Plus loan. If you qualify, you can get up to 3% to help with the costs of your mortgage.
The Fixed Rate Plus loan allows for downpayment funds of three (3) percent of the first mortgage loan but will include a second mortgage at 0% interest rate, due-on-sale or satisfaction, no payments and no additional fees. Ask your lender for more details and to see if you qualify.