First Time Home Buyer in Sioux Falls? Start Here!

Hello Sioux Falls future homeowners! Julie Roth here, ready to guide you through the exciting process of buying your first home in our wonderful city. Buying a home can feel overwhelming, but with the right information and support, it's an incredibly rewarding experience.

Did you know there are fantastic programs available for first time homebuyers in South Dakota? The South Dakota Housing Development Authority SDHDA offers mortgage programs and even down payment and closing cost assistance. You might qualify for a Fixed Rate Plus loan, providing 3% or 5% assistance as a second mortgage with no payments and 0% interest until you sell or refinance! These programs can significantly reduce your upfront costs.

Eligibility for SDHDA programs often includes not having owned a home in the past three years and meeting certain income and home price limits. What's even better, many loan options exist beyond a traditional 20% down payment. Think FHA loans with as little as 3.5% down, VA loans for eligible veterans with zero down, or USDA loans for rural areas often with no down payment required. Even conventional loans can be secured with just 3% down.

Homebuyer education is also incredibly valuable. Organizations like LSS Financial Counseling in Sioux Falls offer free homebuyer education and housing counseling to equip you with the knowledge you need.

Navigating loan options, understanding credit score requirements, and finding the perfect home can be complex. That's where I come in! I'm here to connect you with participating lenders and guide you through every step, ensuring a smooth and confident home buying experience.

Dreaming of homeownership in Sioux Falls? Let's make it a reality! Contact Julie Roth today for a free first time home buyer consultation. 📧 julie@julierothrealestate.com 📲 605 740 0645 💻 julierothrealestate.com