Sioux Falls SD real estate listings and homes for sale, home buying, home selling information

South Dakota First Time Homebuyers...Please Read!

The South Dakota Housing Developement Authority has adjusted the interest rate for first time home buyers...Now is the time to search for your house and lock in a great rate!

SDHA increased their rates yesterday afternoon by .25%. Here is where they are at currently.

Step Rate - Starts at 3.75% and caps at 5.75%

Fixed Rate – 4.75%

Fixed Rate Plus – 5.25%

Advance Tax Credit – 4.85%

Step Rate - The interest rate starts at a predetermined affordable rate and increases one-half of one percent per year for the first four years and then becomes fixed at the beginning of the fifth year, where it stays for the remaining term of the loan.

Fixed Rate - The interest rate is fixed for 30 years.

Fixed Rate Plus - This is the newest rate option offered by SDHDA. The interest rate is fixed for 30 years and it provides a 3% gift for downpayment and closing costs.

If you or someone you know is looking for their first home, call me anytime at 728-9997 or leave me a message at ray@hjnteam.com

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Real Estate Ray Group 101 W. 69th St., Suite 101 Sioux Falls, SD 57108

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