Your source for expert information on housing in South Dakota

6 Common Mistakes Most First-Time Homebuyers Make

Posted by South Dakota Housing Authority on Feb 16, 2018 9:26:10 AM

There's a first time for everything—so when it comes to buying a home for the first time, you're bound to make a mistake or two. There's a learning curve to making purchases on this scale, but many homebuyers before you have made some mistakes so that you don't have to.

Here are six common first-time homebuyer mistakes you can avoid yourself.

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Topics: Homeownership

Homebuying with a Disability: Knowing Your Options

Posted by South Dakota Housing Authority on Feb 1, 2018 3:33:26 PM

Purchasing a home can feel like a rite of passage for many individuals and families. It's an exciting time, but there are a lot of details to consider. When it comes to homebuying with a disability, however, there are even more added layers of options and key information that are critical to know.

Here are just a few things you should keep in mind as a homebuyer with a disability.

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Topics: Homeownership

3 Common Misconceptions About College Debt and Homeownership

Posted by South Dakota Housing Authority on Jan 18, 2018 3:53:29 PM

A college degree can go a long way toward advancing your career and your general quality of life. Study after study has shown the connection between household income and holding a higher education degree.

But what about buying a home? How does having a degree impact your homeownership prospects?

There are a few common misconceptions people have when it comes to student debt and how it affects purchasing a house. (Particularly in South Dakota.) Here are just a few of them.

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Topics: Homeownership

How a College Degree Can Help You Finance a Home in South Dakota

Posted by South Dakota Housing Authority on Jan 3, 2018 9:48:22 AM

Once you’ve exited college and are ready to get your career started, one of your first steps might be to find a more permanent place to live. If buying a home post-graduation is on your radar, your financing might not be as difficult as you first thought.

As luck would have it, there’s a program through the South Dakota Housing Development Authority (SDHDA) made for recent graduates to get a little help in purchasing a home in South Dakota.

Here are some of the ways in which you can qualify for the Grants for Grads first-time homebuyer program.

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Topics: Homeownership

5 Home Inspection Warning Signs to Keep in Mind

Posted by South Dakota Housing Authority on Dec 28, 2017 3:26:36 PM

Home inspections are incredibly important to the homebuying process. A professional inspector can pinpoint problem areas for a potential property and save you headache down the road.

Here are five things to look out for during your home inspection.

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Topics: Homeownership

Understanding a "Loan Estimate" — What it Means for Your Home Purchase

Posted by South Dakota Housing Authority on Dec 14, 2017 4:10:34 PM

Navigating the terminology of homebuying may introduce you to some new phrases that weren't in your vocabulary before. One such phrase is a "loan estimate" (f.k.a., a "good faith estimate"), which is a term used to identify a document that can be extremely helpful to you when shopping for the perfect mortgage.

Here are some aspects of loan estimates you should know about as a first-time homebuyer.

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Topics: Homeownership

The First-Time Homebuyer's Guide to Aberdeen

Posted by South Dakota Housing Authority on Nov 30, 2017 12:13:47 PM

Seeking a great place to live in Aberdeen? If you're a first-time homebuyer, South Dakota Housing Development Authority (SDHDA) can help you finance your first home in South Dakota's third-largest city. The SDHDA First-Time Homebuyer program is a great place to begin.

Take a look at our tips for getting started with the program. 

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Topics: Homeownership

How to Benefit from an Affordable Housing Program in South Dakota

Posted by South Dakota Housing Authority on Nov 28, 2017 5:00:57 PM

Are you struggling to find quality, affordable housing for you and your family? Rest assured that you have options. There are multiple ways in which South Dakotans can make use of affordable housing programs to end the struggle.

Here are four ways to enhance your affordable housing search.

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Topics: Homeownership

How Much Mortgage Can I Afford?: Finding Your Ideal Homebuying Budget

Posted by South Dakota Housing Authority on Nov 16, 2017 3:28:19 PM

If you're venturing into the world of homebuying, one of the first steps you'll take is determining how much of a mortgage your budget can manage. Among your income, your expenses and your debts, there are several factors that go into plotting out your homebuying budget.

Here are just a few of the ways to get started.

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Topics: Homeownership

4 Ways to Save Money For Your Monthly Housing Budget

Posted by South Dakota Housing Authority on Oct 26, 2017 11:35:38 AM

What could possibly be more fun than paying for a mortgage each month? (All right, you can probably name quite a few things, but keeping a comfortable housing budget doesn’t always have to be painful, either.)

Cutting down on a few expenses elsewhere can help you save for your housing budget.

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Topics: Homeownership

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