New program provides 5% down payment for qualifying South Dakota homebuyers

By: Joshua Haiar

Outlets: South Dakota Searchlight

Published: October 13, 2026

Words: 296

Last Updated: 4 days, 9 hours ago

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The South Dakota Housing Development Authority is starting a temporary program to give down-payment assistance to homebuyers.

The authority will launch its Give Me Five program on Nov. 2, lending qualifying homebuyers a down payment equal to 5% of their mortgage. Recipients are not required to make payments on the down-payment loan, and it’s forgiven after five years if recipients stay in the home and meet other program requirements.

South Dakota’s …

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