Skip to main content.
Add to Report View Custom Report

Navigate Your Path to Homeownership: GROW SD's DPA Program Explained!

Wednesday, March 27, 2024

Main News Photo

Curious about eligibility for GROW SD's DPA program? Secure financing from our approved lenders, meet income requirements, and complete a Homebuyer Education Course. Check out all the criteria here.  #SDRealEstate #GROWSD 

Eligibility Criteria for GROW SD’s DPA Program

Several factors are affected by the amount you may qualify for, such as whether you are purchasing in a rural or urban area, what your household income is, and what funds GROW SD currently has available. For instance:

  • You must have secured financing from a GROW SD-approved First Mortgage Lender (
  • The loan terms must meet specific criteria, such as no adjustable rate mortgages, which cannot exceed 30 years (exception only for USDA RD loans). 
  • You must have a fully executed purchase agreement in place.
  • You must meet the specific DPA income eligibility requirements (generally 80% AMI for the county of purchase). Some programs may vary.
  • You must complete an approved Homebuyer Education Course by an eligible organization. Check with GROW SD before beginning your class to ensure the appropriate class is conducted based on DPA funding source requirements. (HUD Approved Course/ duration of the course and the provider is approved)

Find out more here!

Category: News

Click the Half_Century_2 photo to open

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.

Footer Logo

GROW South Dakota

GROW South Dakota
104 Ash Street East
Sisseton, SD  57262
Phone (605) 698-7654
Fax (605) 698-3038