South Dakota down payment assistance, deep-checked against current state program sources.
A current inventory of state-run and state-administered assistance in South Dakota, plus national DPA options. Funding and rate sheets can still change after this review date.
Reviewed September 11, 2026 • Joshua Dobson, NMLS #190260
Quick comparison
| Program | Potential assistance | Published min. FICO | Repayment/Forgiveness | Biggest catch |
|---|---|---|---|---|
| SD Housing Fixed Rate Plus DPA | 3% or 5% of first-mortgage amount | product/program specific | 0% second, no monthly payments; due on sale or satisfaction/termination event | Assistance level is paired to the selected state first-mortgage execution. |
SD Housing Fixed Rate Plus DPA
SD Housing Fixed Rate Plus DPA is a current state-administered homebuyer assistance option. Mortgage Navigator uses the administering agency as the controlling source and avoids filling changing details with stale third-party numbers.
Published minimum FICO: product/program specific
National programs South Dakota buyers should also check
National Homebuyers Fund
NHF multi-state assistance may be available through participating lenders. Current lender/product terms control credit, pricing, assistance and repayment or forgiveness.
Published minimum FICO: product/lender specific
Chenoa Fund
Chenoa Fund provides FHA down-payment assistance through approved lender partners. Current matrices control credit, pricing and second-mortgage terms.
Published minimum FICO: product/lender specific
South Dakota's biggest DPA lesson
South Dakota Housing currently publishes one core state DPA family—Fixed Rate Plus—with 3% and 5% assistance executions. V25 treats those as levels of one program rather than double-counting them.
Let Josh compare the available programs.
Send the city/ZIP, purchase price, credit range, household income and first-time-buyer status.