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Down Payment/Closing Cost Assistance

December 9, 2015

Category: Housing

Down Payment/Closing Cost Assistance



The Down Payment/Closing Cost Assistance Program can provide eligible homebuyers purchasing or constructing a home in South Dakota with two opportunities:
 

RAPID CITY or SIOUX FALLS RESIDENTS. A $10,000 down payment/closing cost, 0% interest deferred mortgage, for the purchase of their owner occupied principal residence. 

ALL OTHER SOUTH DAKOTA RESIDENTS  A $5,000 down payment/closing cost, 0% interest deferred mortgage, for the purchase of their owner occupied principal residence. 
 

Apply Online for the Down Payment/Closing Cost Assistance Program.


Mobile homes will not be funded unless placed on a permanent foundation with ownership to the property.  At no time will the GROW South Dakota mortgage loan exceed the actual down payment/closing costs as determined by the lender.  No cash may be returned to the homeowner.  This program will not consider the refinancing of homes. Applicants must meet standard underwriting criteria. 




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GROW South Dakota

GROW South Dakota
104 Ash Street East | Sisseton, SD  57262
Phone (605) 698-7654 | Fax (605) 698-3038 | info@growsd.org