SD Housing First Time Home Buyer Loans

SD Housing First-Time Homebuyer Loans

This South Dakota Housing product focuses on providing homeownership to as many South Dakotans as possible. This program offers benefits for first-time buyers, including homebuyer education, down payment assistance, and closing cost assistance.

A GOOD FIT IF...

You're a first-time home buyer, meaning you have not owned a home in the past three years.
Have an income at or below prescribed South Dakota Housing Income Limits.
You're looking to purchase a home for $410,000 or less.

Get up to $933 Credit^* Towards Your Closing Costs from Levo.

Eligible buyers may qualify for a Levo credit of 0.25% of the loan amount, up to $933, through the SD Housing First-Time Homebuyer Program.

*The $933 credit is based on the member’s South Dakota Housing First-Time Homebuyer Program eligibility. If a member qualifies, Levo will grant a 0.25% credit on the loan amount, up to $373,450. All federal, state, and local taxes and other closing costs are the member’s sole responsibility. Equal Housing Lender. NMLS 441310

Get a 5% Down Payment Assistance With Give me Five.^*

Eligible first-time homebuyers may qualify for down payment assistance equal to 5% of their first mortgage amount. There are no monthly payments on the assistance, and the second mortgage may be forgiven after five years if program requirements are met.

*Available for a limited time through participating lenders. Eligibility requirements apply. The assistance is a second mortgage with no monthly payments and may be forgiven after five years if all program requirements are met, including continued primary-residence occupancy.

We're Ready When You Are

Meet The Team

Dave Kowalczyk

Mortgage Loan Originator

Branch: South Louise
Email: davek@levo.org
NMLS #465946
Phone: 605-977-8324
Cell: 605-254-7976
Fax: 605-334-3981

James Nytroe

Mortgage Loan Originator

Branch: Arrowhead
Email: jamesn@levo.org
NMLS #489420
Phone: 605-977-8378
Fax: 605-334-1392

Nicole Taubert

Mortgage Loan Originator

Branch: Downtown
Email: nicolet@levo.org
NMLS #1601641
Phone: 605-977-8368
Fax: 605-334-3981

Tyana Viss

Mortgage Loan Originator

Branch: South Cliff
Email: tyanav@levo.org
NMLS #1441509
Phone: 605-977-8336
Fax: 605-334-1474

Mortgage Type	Rate	APR*
30 YEAR FIXED RATE	7.00%	7.185%
20 YEAR FIXED RATE	7.250%	7.493%
15 YEAR FIXED RATE	6.750%	7.048%
10 YEAR FIXED RATE	6.750%	7.168%
7/1 ARM	7.875%	8.007%
10/1 ARM	8.00%	8.007%
SOUTH DAKOTA HOUSING 30 YEAR FHA	6.375%	6.804%
SOUTH DAKOTA HOUSING 30 YEAR FHA FIXED RATE PLUS	6.625%	7.060%
FHA 30 YEAR FIXED RATE	6.50%	6.917%
VA 30 YEAR FIXED RATE	6.50%	6.939%

SD Housing First Time Home Buyer Loans

SD Housing First-Time Homebuyer Loans

- SOUTH DAKOTA HOUSING ASSISTANCE -

Your First Home. A Little More Help Getting There.

Get up to $933 Credit^* Towards Your Closing Costs from Levo.

Get a 5% Down Payment Assistance With Give me Five.^*

You may qualify for both benefits when you finance your first home through eligible South Dakota Housing programs.

LOW FEES

Speedy Decisions