Help to buy in South Dakota
Home-buying assistance programs in South Dakota
2 official programs for down payment and closing cost help in South Dakota, from South Dakota Housing Development Authority. We show what each program says on its own page, with the date we checked it.
Key numbers in South Dakota
- Verified programs
- 2
- from South Dakota Housing Development Authority
- First-time buyers only
- 1
- 1 does not require it or its page does not say
- Accept an ITIN
- 0
- per their own site · no: 0 · unconfirmed: 2
- Last checked
- November 5, 2026
- against each program’s official page
How to read the list
Not all help is the same
Amounts, limits and funding change: confirm with a participating lender.
Before you compare amounts, look at the kind of help: it changes what you pay later. These are the kinds the programs on this page use.
On ITIN, each card says what the program itself publishes: yes, no, or not confirmed on its site.
The full list
Programs in South Dakota
Filter by who qualifies, by ITIN or by kind of help. Each card quotes the source and the date we checked it.
-
- Deferred
South Dakota state authority mortgage with 3% or 5% of the loan for the down payment and closing costs, as a 0% second mortgage with no payments, repaid when you sell or pay off the home
What it gives, per the source
If you qualify, you may receive 3% or 5% in downpayment and closing costs assistance to help with financing your mortgage. … The Fixed Rate Plus loan allows for downpayment funds of three (3) or five (5) 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.
- First-time buyer?
- The source does not say whether you must be a first-time buyer
- Accepts ITIN?
- Its site does not confirm
Run by South Dakota Housing Development Authority
Verified November 5, 2026
-
- Tax credit
South Dakota state authority certificate that turns part of your mortgage interest into a credit on your federal taxes, of up to $2,000 a year while you live in the home and keep the original mortgage; for first-time buyers, requested through a participating lender before closing
What it gives, per the source
A SD Housing Tax Credit, also referred to as a Mortgage Credit Certificate, allows qualified homebuyers to claim a portion of their annual mortgage interest as a federal tax credit, capped at $2,000 per year. … Eligible homeowners may continue claiming the Mortgage Credit Certificate tax credit each year for as long as they occupy the home as their primary residence and maintain the original mortgage. … Yes. The SD Housing Mortgage Credit Certificate includes a $250 Tax Credit Fee.
- First-time buyer?
- First-time buyers only
- Accepts ITIN?
- Its site does not confirm
Run by South Dakota Housing Development Authority
Verified November 5, 2026
No program matches your search.
Your county
Price and income limits depend on the county. Your county page has the typical value, the FHA limit and the counseling agencies that can walk you through the application.
Frequently asked questions
What is down payment assistance?
Money from a public or nonprofit program for the down payment or closing costs. It can be a grant you never repay, a second loan forgiven if you stay in the home for some years, a second loan repaid when you sell or refinance, or a tax credit (MCC) that lowers your federal taxes.
Do I need to be a first-time buyer in South Dakota?
Of the 2 programs on this page, 1 requires it; the rest do not, or their page does not say. In general, “first-time buyer” means not having owned a home in the last three years.
Can I use these programs with an ITIN?
What each program’s own site says: accept an ITIN, 0; do not accept one, 0; not confirmed on its site, 2. Ask the participating lender directly before you start, and ask for it in writing.