South Dakota Governor’s House Program Guide

Guide to the South Dakota Governor’s House Program

The South Dakota Governor’s House Program is a unique initiative offering affordable, energy-efficient homes to help eligible individuals and families achieve homeownership. With specially designed houses at reduced costs, this program is tailored to meet the needs of those with modest incomes. Below is a comprehensive guide to the program’s features, eligibility requirements, and application process for 2025.

1. Program Overview:

• Purpose: The Governor’s House Program provides affordable, energy-efficient housing options to individuals and families with limited incomes, promoting homeownership and sustainable living.
• House Features: Each Governor’s House is constructed to be energy-efficient and easy to maintain, featuring modern amenities and an attractive design. Homes are available in two-bedroom and three-bedroom layouts.
• Cost: The program offers homes at significantly reduced prices, making them more affordable for eligible buyers.

2. Eligibility Requirements for 2025:

To qualify for the South Dakota Governor’s House Program, applicants must meet the following criteria:

• Income Limits: Applicants must meet income requirements based on household size. These limits are designed to ensure the program serves those with modest means and are updated annually.
• Property Requirements: Buyers must place the Governor’s House on land they own or purchase as part of the program. The home must serve as the buyer’s primary residence.
• Housing Need: Applicants must demonstrate a need for affordable housing and meet any additional program criteria.
• Creditworthiness: While there is no specific credit score requirement, buyers must show an ability to secure financing or pay for the home outright.

3. How to Apply:

Follow these steps to apply for the South Dakota Governor’s House Program:

• Assigned Loan Officer: Once you begin the process, a loan officer or program representative will be assigned to assist you. They will review your eligibility, explain the home options, and guide you through the application process.
• Prepare Required Documentation: Gather necessary documents such as proof of income, property ownership details (if applicable), and any other information required by the program.
• Submit Your Application: Work closely with your assigned loan officer or representative to complete and submit the application. They will handle the review process and notify you of your approval status.

4. Key Features of the Governor’s House Program:

• Affordable Pricing: The program offers high-quality homes at a fraction of traditional market costs, helping to make homeownership attainable.
• Energy Efficiency: Governor’s Houses are built with energy-efficient materials and systems, reducing utility costs and promoting sustainability.
• Customizable Options: Buyers can choose between two-bedroom and three-bedroom designs, ensuring the home fits their family’s needs.

5. Finalizing the Purchase:

• Approval Process: After your application is approved, your assigned loan officer or program representative will guide you through the next steps, including financing, finalizing home placement, and signing necessary documents.
• Closing Costs: Buyers are responsible for any closing costs associated with purchasing the home or land. Your loan officer or representative will provide a detailed breakdown of these costs and payment expectations.

The South Dakota Governor’s House Program offers a unique opportunity for eligible individuals and families to own an affordable, energy-efficient home. By reducing costs and providing guidance throughout the process, this program empowers South Dakota residents to achieve homeownership and enjoy sustainable living. Begin your journey with the South Dakota Governor’s House Program in 2025.