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Buying a home makes financial sense

Monday, December 04, 2017

There are many benefits to owning a home. One of the biggest is financial: homeowners build wealth over time in a way that renters do not. The more mortgage payments you make, the more equity you build in a home.

Though buying a home may seem like an onerous task to those without a large savings, there are various loan programs to help make it easier, particularly for first-time home buyers.

GROW South Dakota has resources to help people understand the home buying process, including homeowner education classes. We can help determine your ability to purchase a home based on financial information and credit history.

Financial help in the form of direct loans may be available.

 

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A Half-Century of Serving South Dakotans

In 1978, NESDCAP created the Northeast South Dakota Economic Corporation (NESDEC) as a revolving loan fund to focus on small business lending and job creation in 22 counties. In 2007, Grow South Dakota, was formed to provide housing, community and economic development statewide. Through services to individuals, technical assistance to community and economic development agencies, and loans to small businesses and homebuyers, GROW South Dakota has had broad and lasting impact.

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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 info@growsd.org