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The First-Time Homebuyer's Guide to Mitchell


Considering a move to Mitchell, South Dakota? South Dakota Housing Development Authority (SDHDA) is here to assist you in your first-time homebuying journey to the state's sixth-largest city. Whether it's downpayment and closing-cost assistance or competitive rates, there's a lot to love as a first-time homebuyer.

Check out our first-time homebuying guide to Mitchell.

Participating Lenders

Knowing your spending power is a great first step when first-time homebuying—below find an assortment of potential lenders in the Mitchell area who offer First-Time Homebuyer Loans:

BankWest, Inc.


CorTrust Bank


Dakotaland Federal Credit Union


First Dakota National Bank


First National Bank of Omaha


Great Western Bank


Plains Commerce Bank


U.S. Bank Home Mortgage


Wells Fargo Home Mortgage


Agent Options

Once you've received your pre-approval, it's time to start searching for the ideal place to call home—a highly qualified real estate agent is a great way to start your house search. When choosing an agent, make sure that he or she knows the Mitchell area well and has your wants and needs in mind. If you're considering a particular agent, double-check to make sure his or her credentials are up to date with the state Department of Labor and Regulation.

Neighborhood Choices

Mitchell is home to educational institutions at every level, as well as family-friendly attractions and neighborhoods. So when tackling the search process, it's a good idea to know which part of the city you would find the most desirable—a quiet spot on the outskirts or a central location close to your daily commute. You have options—check out some facts about Mitchell's neighborhoods:

  • Northern Region
    • Median Home Price: $199,996
    • Area Schools: Mitchell Middle, Mitchell High
    • Area Amenities: Lake Mitchell, Mitchell Activity Center
  • Central Region
    • Median Home Price: $132,556
    • Area Schools: Longfellow Elementary
    • Area Amenities: Mitchell Corn Palace, Hitchcock Park
  • Southern Region
    • Median Home Price: $159,954
    • Area Schools: Dakota Wesleyan University, Mitchell Technical Institute
    • Area Amenities: Dakota Discovery Museum, Dry Run Creek Park

More than 60 families in the Mitchell area took advantage of SDHDA programs in the last year. That equals more than $6.5 million in 12 months!

However you prioritize your homeownership needs, there's a spot for you in Mitchell. Use our handy guide to get started, and if you have any questions when it comes to securing a First-Time Homebuyer Loan, SDHDA is here to assist you!

E-Book Download A South Dakotan's Guide to Buying Your First Home Vol. 1


Topics: Homeownership

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