South Dakota · Deferred 0% loan

SDHDA Fixed Rate Plus (South Dakota)

3-5% at 0%, no payments for 30 years

3% or 5% of mortgage as 0% deferred 30-year silent second mortgage. No monthly payments.

SDHDA Fixed Rate Plus provides 3-5% as a deferred 30-year second mortgage. The long deferral makes this effectively payment-free for the typical homeownership period. South Dakota's affordability and zero state income tax compound the benefit.

Amount3-5% at 0%, no payments for 30 years

TypeDeferred 0% loan

Available inSouth Dakota

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

South Dakota MCC Annual tax credit — $250 fee with SDHDA

South Dakota · Annual tax credit

GROW South Dakota DPA $7,500

South Dakota · DPA program

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