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1st Time Homebuyers Summary of Grant Programs

South Dakota Housing


-3% Grant (based on loan amount) to assist with closing costs and/or down payment

-Can be used with any program (Conventional, FHA, RD, VA)

-2 or less income limit = $76,800 for Minnehaha and Lincoln counties


SDHDA Gift for Grads Program

Similar to Plus program above

-Allows for 5% grant to assist with closing costs or down payment if client

Is a graduate within last 60 months from an accredited academic institution