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The First-Time Homebuyer's Guide to Yankton

19-SDHousing-0616-Oct2019_FTHGuidetoYankton

If you're considering a move to the southern city of Yankton, South Dakota, you have options when it comes to first-time homebuying. South Dakota Housing Development Authority (SDHDA) can assist future homeowners in finding the perfect space in the state's seventh-largest city. From downpayment and closing-cost assistance to competitive interest rates, there is much to consider.

Check out our first-time homebuying guide to Yankton.

PARTICIPATING LENDERS

A prequalification is a great place to start when determining your spending power as a homebuyer—below is a listing of potential lenders in the Yankton vicinity who include SDHDA's First-Time Homebuyer Loans among their offerings:

CorTrust Bank

605.668.0800

First Dakota National Bank

605.665.7432

First National Bank of Omaha

605.665.9611

Great Western Bank

605.665.2850

Wells Fargo Home Mortgage

605.665.6852

AGENT OPTIONS

With a prequalification in hand, you can begin the process of searching for the home of your dreams—a real estate agent with skills and experience can set you on the right path for this stage. When choosing an agent, ensure he or she is well-versed in Yankton and the surrounding region and has a good handle on the type of property for which you're looking. To double-check that a particular agent is licensed, make sure his or her credentials are up to date with the state Department of Labor and Regulation.

NEIGHBORHOOD CHOICES

Yankton is a great mid-sized South Dakota community for raising a family, and it's home to plenty of options to keep you and your household entertained and content. Check out some of the options on the table for those moving into the Yankton area.

  • Napa Junction
    • Median Home Price: $272,600
    • Area Schools: Sacred Heart Elementary
    • Area Amenities: Lake Yankton, Lewis & Clark Recreation Area
  • Eastern Region
    • Median Home Price: $157,860
    • Area Schools: Yankton Middle, Beadle Elementary
    • Area Amenities: Chan Gurney Municipal Airport, Yankton Ice Rink, Hillcrest Golf & Country Club
  • North Central Region
    • Median Home Price: $173,508
    • Area Schools: Mount Marty College, Yankton High
    • Area Amenities: Yankton Mall, Fox Run Golf Course
  • City Center
    • Median Home Price: $103,429
    • Area Schools: Sacred Heart Middle, Webster Elementary
    • Area Amenities: Riverside Park, Yankton Community Library

More than 41 families in the Yankton area took advantage of SDHDA programs in the last year. That equals more than $5.1 million in 12 months!

Whatever matters most to you in your home search, Yankton has an area to fit your needs. The above guide can give you a good head-start, but if you have any additional questions on the First-Time Homebuyer Loan program, we're here to help!

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

Source: NeighborhoodScout.com

Topics: Homeownership

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