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GROW SD Creates Homeowners

Thursday, July 18, 2019

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GROW SD has been creating homeowners for over 50 years through a variety of services, such as pre-purchase counseling, homebuyer education, down payment assistance and direct mortgage lending.  Many of our services are across the state of South Dakota.  Our housing team has over 80 years of experience. 

GROW SD’s pre-purchase counseling and homebuyer education go hand-in-hand.  Pre-purchase counseling offers a personalized approach to discussing the entire homeownership process with the customer; including setting up a personalized budget, debt and credit review, as well as reviewing financial products from various lenders.  Homebuyer education covers the process for becoming a homeowner; from shopping for a home, to keeping your home and maintaining your finances.   Both of these sessions are offered in a confidential, one-on-one setting.  Customers can choose to conduct their pre-purchase/homebuyer education session in person, over the phone or online. 

GROW SD’s down payment closing cost program offer a $5,000 to $10,500, deferred loan at 0% interest.  These loans fill the gap for many homeowners that have limited resources to save for the down payment closing cost requirements.   The majority of these products, have recapture requirements   such as : if the property is refinanced, if there is a sale, transfer or exchange of the residence, if the property ceases to be the principal residence of the homeowner, and/or the first mortgage and note reach maturity. Contact GROW SD for current availability and regulations regarding down payment funding. 

GROW SD’s direct loan program supports individuals and families making their dream of homeownership come true with the financing to purchase their primary home.  Our experienced staff will be with you every step of the way.  Our loan program provides first mortgage products for the purchase of a new or existing home, in the state of South Dakota.  GROW SD will finance loan amounts up to $175,000.  The terms are set at a 5% interest rate and a balloon payment due in seven years. 

If you are interested in applying for any of these services at GROW SD, please follow the instructions as listed to complete the online application, or call our office at (605) 698-7645, or email  Equal Housing Organization

Category: GROW SD

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A Half-Century of Serving South Dakotans

For more than half a century, the three nonprofit organizations comprising GROW South Dakota have fulfilled a vision of “GROWing sustainable communities through housing, community and economic development.” In 1966 the Northeast South Dakota Community Action Program (NESDCAP) was established as a Community Action Agency in the War on Poverty and has served thousands in 17 counties with emergency services as well as various housing programs.

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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