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HOF Down Payment and Closing Costs (DPCC) Assistance Loan

DAKOTA LAND TRUST

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.

    Loan Terms

  • Amount: Up to $5,000
  • Interest Rate: 0% (interest-free)
  • Monthly Payment: $0 monthly payments
  • Term: 30 years deferred payment loan

    Eligibility

  • 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

    Requirements

  • Required: NeighborWorks Homebuyer Education (HBE) course (available online or in-person, free)

    Geographic Scope

  • South Dakota

    Contact Information

  • Phone: 605-578-1401
  • Email: info@nwdhr.org
  • Address: 795 Main Street, Deadwood, SD 57732

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

    Required Materials

  • Proof of household income
  • Household composition documentation
  • Proof of enrollment/completion in HBE course

    Contact for Application Details

  • Phone: 605-578-1401
  • Email: info@nwdhr.org

Focus Areas & Funding Uses

Fields of Work

housingaffordable-housing

Categories

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