South Dakota Manufactured Housing Downpayment Program

South Dakota Housing offers Manufactured Housing Downpayment Program to home buyers in South Dakota: as much as 50%, and never more than $10,000, as a deferred loan.

Amount: As much as 50%, and never more than $10,000
Type of assistance: Loan you repay later
Open only to first-time buyers: No

How is South Dakota Manufactured Housing Downpayment Program paid back?

A deferred loan at 0%, with no payments required. It comes due when you sell the home, pass it to another person, get behind on your loan or move out. A cash-out refinance also triggers repayment.

Nothing is due each month on a deferred loan. The whole balance comes due when you sell, refinance or finish paying the first mortgage off.

Who qualifies for South Dakota Manufactured Housing Downpayment Program?

In South Dakota, this covers only buyers of manufactured homes that aren't classified as real estate.
Your income can be up to 120% of the median for your area, using the county or state figure, whichever is higher.
Being a first-time buyer isn't required.
The first lien loan that comes with it is issued by a lender enrolled in the Nationwide Multistate Licensing System (NMLS).

Your county and household size set most of the limits. Use our HUD income limits tool to see the median income for your area and where your household falls.

How to apply for South Dakota Manufactured Housing Downpayment Program

One of South Dakota Housing's approved lenders handles both your home loan and this help, so you apply through that lender.
The lender compares your credit, income and the home with the program's rules, then reserves the money for you.
When the sale closes, the help is applied to your closing costs and down payment.

The full rules and whether it's taking applications are on South Dakota Housing's page for Manufactured Housing Downpayment Program. You can also choose a lender from the agency's participating lender list.

Ask a lender about South Dakota Manufactured Housing Downpayment Program

Tell us where you're buying and a lender that works with South Dakota's programs can tell you whether South Dakota Manufactured Housing Downpayment Program fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to phone? Share your information and the lender will get in touch.

South Dakota's other first-time buyer programs

South Dakota Fixed Rate Plus:
Deferred loan covering up to 5% of the home loan amount.

All first-time home buyer programs in South Dakota · Down payment help in every state