Neighbor Next Door (NND) Down Payment and Closing Costs (DPCC) Assistance Loan
Funding Amount
Up to $7,500
Deadline
Rolling / Open
Grant Type
foundation
Overview
Neighbor Next Door (NND) Down Payment and Closing Costs (DPCC) Assistance Loan
Overview: Down payment and closing cost assistance loan program for essential service professionals including teachers, nurses, police officers, and firefighters.
- Amount: Up to $7,500
- Interest Rate: 3%
- Term: 10 years with low monthly payments
Loan Terms
- Target Professions: Teachers, nurses, police officers, firefighters, and similar essential service professionals
- Income Limit: 150% AMI (Area Median Income) - 1 person: below $74,250 - 2 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)
- Must be employed in eligible profession
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 employment in eligible profession (teacher, nurse, police officer, firefighter, etc.)
2. Confirm household income eligibility
3. Complete NeighborWorks Homebuyer Education (HBE) course (required)
- Available online or in-person at no charge
4. Contact NeighborWorks for current income limits and program requirements
5. Submit application through NeighborWorks office
- Proof of employment in eligible profession
- 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
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