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SDHDA Fixed-Rate Plus 3%

Quick answer

SDHDA Fixed-Rate Plus 3% is a South Dakota down payment assistance program from South Dakota Housing. It provides 3% of your loan amount as a deferred-payment loan. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Who qualifies for SDHDA Fixed-Rate Plus 3%?

0% second mortgage due on sale or refinance. Purchase price must be $410,000 or less.

DetailProgram terms
Assistance3% of your loan amount
TypeDeferred-payment loan
Minimum creditNot published on the program page
First-time buyerSee official page
Income limitsAt or below South Dakota Housing income limits.

How does SDHDA Fixed-Rate Plus 3% work with an FHA loan?

South Dakota's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down.

Where do I confirm current terms?

On the official page: https://www.sdhousing.org/ready-to-buy/first-time-homebuyer. Programs can pause when funds run out, so confirm availability with a participating lender.

“downpayment and closing-cost assistance equal to 3% of your loan amount.” — South Dakota Housing

← All South Dakota down payment assistance programs

Frequently asked questions

3% of your loan amount, according to South Dakota Housing.

It's a deferred loan — no monthly payments, repaid when you sell, refinance or pay off the first mortgage.

At or below South Dakota Housing income limits.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.