As a recent graduate, stepping into the world of homeownership may seem daunting, but South Dakota Housing’s Grants for Grads program is here to help. This program offers an incredible opportunity for first-time homebuyers who have earned a degree within the last five years. With a grant of up to five percent of your loan amount, you can significantly reduce your down payment or closing costs.

Unlock Homeownership with Grants for Grads from South Dakota Housing

Are you a recent graduate looking to buy your first home in South Dakota? The Grants for Grads program offers a fantastic opportunity to receive five percent of your loan amount as a grant, which can be used for down payment or closing costs. To qualify, you must be a first-time homebuyer, have a degree from an accredited institution within the last 60 months, and meet specific income and purchase price limits.

The program has a few key requirements. You must be a first-time homebuyer, which means you haven't owned a home in the last three years. You’ll also need to meet certain income and purchase price limits (less than $385,000).

This grant is a fantastic way to make your first home more affordable and accessible. Whether you want to settle into Sioux Falls, Rapid City, or a quiet rural area in South Dakota, this program can help you get there faster.

At Plains Commerce Bank, our mortgage bankers are ready to assist you in navigating the Grants for Grads program. We understand the importance of finding the right mortgage solution and are here to support you every step of the way. Contact us today to learn more about how we can help you take advantage of this opportunity and turn your homeownership dreams into reality.

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