Applications

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.