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South Dakota Will Help Fund Your Down Payment. Stay Five Years, and the Loan Could Disappear.

South Dakota is offering qualifying buyers a boost toward homeownership, with assistance that can disappear from their debt after five years.

South Dakota Will Help Fund Your Down Payment. Stay Five Years, and the Loan Could Disappear.

South Dakota is offering qualifying buyers a boost toward homeownership, with assistance that can disappear from their debt after five years. But the program is not an unconditional gift, and the headline needs one distinction: the assistance equals 5% of the first mortgage amount, not 5% of the home’s purchase price. Gov. Larry Rhoden and South Dakota Housing announced Give Me Five on October 13. The program opens November 2, 2026, for eligible buyers purchasing a primary residence in the…

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