South Dakota First Time Home Buyer Grants

Looking for South Dakota first time home buyer grants! Locate a cool list of first time home buyer grants South Dakota as well as other home mortgage grants here!

Are you considering the purchase of a home in South Dakota? Purchasing a home in any state is an exciting prospect!

Being approved for South Dakota first time home buyer grants is like receiving a handful of money.

Before we get to the topic of first time home buyer grants, I would like to give you some fun facts about your chosen state. (If you are relatively new to South Dakota, I don't want you to look too much like a tourist!) These facts were obtained from the State of South Dakota's official website.

• South Dakota was admitted to the Union on November 2, 1889, as the fortieth (40th) state.

• The state name of South Dakota is derived from the Sioux tribe, meaning "allies".

• "The Black Hills are the highest mountains east of the Rockies. Mt. Rushmore, in this group, is famous for the likenesses of Washington, Jefferson, Lincoln and Theodore Roosevelt, which were carved in granite by Gutzon Borglum. A memorial to Crazy Horse is also being carved in granite near Custer."

• South Dakota's state slogan is "Great Faces, Great Places".

• Some famous South Dakotans are Laura Ingalls Wilder (writer, Little House on the Prairie books), Hubert H. Humphrey (Vice President of the United States), L. Frank Baum (writer, The Wizard of Oz), Tom Brokaw (NBC anchorman), Bob Barker (former game show host), Cheryl Ladd (actress) and, Catherine Bach (actress).

If South Dakota is your choice, read on for information related to the South Dakota first time home buyer grants program.

First Time Home Buyer Grants South Dakota

To begin with, the State of South Dakota does not offer a South Dakota first time home buyer grant program for its residents; however, there is one program that is very close. This is good news because not all states are able to offer assistance to first time home buyers.

The state agency which maintains this program for South Dakota is the South Dakota Housing Development Authority. Applicants can obtain a zero-interest loan to help with a down payment and closing costs. Basically, you are getting a grant of the interest. The amount of assistance you are likely to receive depends upon your income. You should visit this website to determine your eligibility.

Other Home Mortgage Grants

In addition, the federal government offers grant assistance for first time home buyers in South Dakota. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program. Their website contains useful information and applications.

The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

Another website I would recommend that you view is Visit the Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

Don't forget the importance of your credit score. Even if you qualify for a grant, you still have to qualify for a loan. See my information on credit repair made easy if you need help.

If you don't qualify for a grant you may qualify for down payment assistance. They are sometimes easier to obtain.

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Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

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Happy House Hunting!!