Fortunately, South Dakota offers valuable programs, such as special mortgages, down payment assistance, and tax advantages, to aid first-time home buyers.
SDHDA and local non-profit organizations have many homebuyer programs that help first-time buyers during the home-buying process. Here are five things related to the programs that buyers must know.
First–time buyers in South Dakota can get a conventional loan with a low-interest rate and a 20% down payment. Additionally, buyers do not have to pay for private mortgage insurance (PMI).