LIFT Grant South Dakota

Dated: 02/19/2018

Views: 65

LIFT Grant

  • Forgivable Loan after 5 years.

  • Purchase Primary Residence.

  • $7,500 Max Grant.

  • Income requirements.

  • Underwriting requirements.

  • 8 Homebuyer / HUD Education – See Lender.

  • Statewide - SD.

  • Total borrower income may not exceed 80% area median.

  • Limits higher for military/veterans, law enforcement, Pre-K-12 teachers, firefighters & EMTs.

  • Fees: Must be paid by borrower.

  • $30 mortgage recording fee.

  • $15 wire fee (if funds wired to the closing agents).

  • $250 origination fee.

  • No Maximum sales Price.

  • Grow SD funds cannot be used for the 3.5% borrower equity requirements for FHA Loans.

Lift Grant Guidelines


For more information call 605-310-8886 or email [email protected]

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Larry Luetke

I have sold real estate since 2004 in the Sioux Falls and Surrounding areas. We can help with any of the follow types of real estate: Residential, Commercial, Development, New Construction, Foreclo....

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