Give Me Five (South Dakota)
South Dakota Housing (SDHDA) · South Dakota
At a glance: 5% of the first mortgage amount, forgivable loan (forgiven if you meet the terms). First-time buyer: Required (no home owned in the past three years). Checked against the official page on Nov 3, 2026.
| Assistance type | Forgivable loan — Forgiven if you meet the terms |
|---|---|
| Amount | 5% of the first mortgage amount |
| Income limit | Not verified on the official page — check the source |
| Purchase price limit | $410,000 or less |
| First-time buyer rule | Required (no home owned in the past three years) |
| Status | Opens Nov. 2, 2026 (limited time) |
| Status note | SD Housing says Give Me Five launches Nov. 2, 2026 and will be offered for a limited time through participating lenders. |
| Details | Second mortgage with no monthly payments, forgiven after five years of living in the home as your primary residence. Buyers must meet SD Housing First-Time Homebuyer Program income requirements. |
| Official source | https://www.sdhousing.org/news-blog/give-me-five (opens in new tab) |
| Last checked | Nov 3, 2026 (automated fetch) |
Go to the official program page ↗ Report a correction
Other South Dakota programs
- Fixed Rate Plus — 3% or 5% of the first mortgage
Related updates
- South Dakota launches Give Me Five: 5% forgivable DPA · Oct 23, 2026
← All South Dakota programs · Check eligibility · Compare with other programs
Common questions
How much is Give Me Five?
5% of the first mortgage amount (per the official page, checked Nov 3, 2026).
Is Give Me Five a grant or a loan?
Forgivable loan: forgiven if you meet the terms.
Do I have to be a first-time homebuyer for Give Me Five?
Required (no home owned in the past three years).
How does Give Me Five work?
Second mortgage with no monthly payments, forgiven after five years of living in the home as your primary residence. Buyers must meet SD Housing First-Time Homebuyer Program income requirements.
Is Give Me Five still available in 2026?
The official page listed it as opens nov. 2, 2026 (limited time) when we last checked on Nov 3, 2026. Funding can change, so confirm with the administrator.
Who runs Give Me Five?
South Dakota Housing (SDHDA), South Dakota. Apply through the program or one of its participating lenders.
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