South Dakota Give Me Five Down Payment Program
Housing & HomeownershipFirst Time Homebuyer
Program at a Glance
- Location: South Dakota (statewide)
- Status: Started November 2, 2026
- Maximum benefit: Down payment help worth 5% of the mortgage, with no monthly payments
- Who it’s for: First-time buyers purchasing a home that costs up to $410,000
- Forgiveness: The loan can be forgiven after five years
- Last verified: November 2026
About the Program
South Dakota Housing's new Give Me Five program gives first-time buyers down payment help equal to 5% of the mortgage. There are no monthly payments, and the loan can be forgiven after five years. The home can cost up to $410,000. The state announced it in October 2026 and said it starts November 2. You apply through a participating lender, and the details beyond the price limit weren't published when we checked.
Source: News report on the program
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