Legacy Fund Down Payment and Closing Costs (DPCC) Assistance Loan
Funding Amount
Up to $2,000
Deadline
Rolling / Open
Grant Type
foundation
Overview
Legacy Fund Down Payment and Closing Costs (DPCC) Assistance Loan
Overview: Down payment and closing cost assistance loan program designed specifically for single parents.
- Amount: Up to $2,000
- Interest Rate: 0% (interest-free)
- Monthly Payment: $0 monthly payments
- Term: 30 years deferred payment loan
Loan Terms
- Target Population: SINGLE PARENTS ONLY
- Income Limit: 150% AMI (Area Median Income) - 3 person: below $74,250 - 3 person: below $84,750 - 3 person: below $95,400 - 4 person: below $105,900
- 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 as a single parent and confirm household income
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 single parent status
- 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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