HOF Down Payment and Closing Costs (DPCC) Assistance Loan
Funding Amount
Up to $5,000
Deadline
Rolling / Open
Grant Type
foundation
Overview
HOF Down Payment and Closing Costs (DPCC) Assistance Loan
Overview: Down payment and closing cost assistance loan program for qualified homebuyers.
- Amount: Up to $5,000
- Interest Rate: 0% (interest-free)
- Monthly Payment: $0 monthly payments
- Term: 30 years deferred payment loan
Loan Terms
- Income Limit: 115% AMI (Area Median Income) - 1 person: below $56,925 - 2 person: below $64,975 - 3 person: below $73,140 - 4 person: below $81,190
- Income limits may vary, contact NeighborWorks for current limits
Eligibility
- Required: NeighborWorks Homebuyer Education (HBE) course (available online or in-person, free)
Requirements
- South Dakota
Geographic Scope
- Phone: 605-578-1401
- Email: info@nwdhr.org
- Address: 795 Main Street, Deadwood, SD 57732
Contact Information
How to Apply
Application Process
1. Verify eligibility based on household income and household size
2. Complete NeighborWorks Homebuyer Education (HBE) course (required)
- Available online or in-person at no charge
3. Contact NeighborWorks for current income limits and program requirements
4. Submit application through NeighborWorks office
- Proof of household income
- Household composition documentation
- Proof of enrollment/completion in HBE course
Required Materials
- Phone: 605-578-1401
- Email: info@nwdhr.org
Contact for Application Details
Focus Areas & Funding Uses
Fields of Work
Categories
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