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South Dakota Grow

We are pleased to announce that we have approved for SD Grow Down Payment Assistance funds!  This is a great program that helps income-qualified homebuyers financing to cover down payment and closing costs when purchasing a home.  You may qualify for a deferred loan up to $10,000 to help you purchase your home!


The assistance is in the form of a deferred 2nd mortgage.  There is no monthly payment and zero% interest; however, you are required to pay it back when you sell your home in the future or if you refinance.  The term of the second mortgage is matched to the term of your first mortgage term.

Eligibility is income based and varies by county and household size

It is also important to note that the maximum limits for debt ratios are 30% housing and 43% overall total debt ratio with no exceptions.

You can use this program with other first-time homebuyer options including FHA, RD and Conventional loans.

Please call, text or email to find out more about this great program!

Link to SD Grow website:

Grow SD Website