GROW SD Earns FHA Designation

GROW South Dakota has received approval from the Federal Housing Administration to provide down payment closing cost assistance to FHA-qualified homebuyers. The US Department of Housing and Urban Development’s Denver Homeownership Center notified GROW SD of its new status in June.

GROW SD has limited funding designated for down payment assistance in South Dakota’s urban areas of Sioux Falls and Rapid City. Homebuyers in those cities may be eligible for up to $10,000 in down payment and closing cost assistance – a 0% interest deferred mortgage for the purchase of an owner occupied principal residence.

For more information on the down payment and closing cost assistance call (605) 698-7654 or complete the application online.