Grants for Grads
Making Your Home Happen
First PREMIER Bank is partnering with South Dakota Housing to help recent university or college graduates buy their first home. Grants for Grads provides up to five percent of your home loan amount for downpayment assistance and/or closing costs.
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Eligibility
To be eligible for Grants for Grads, you must meet the following requirements:
- Graduated in the last 60 months from an accredited postsecondary school recognized by the U.S. Department of Education
- You are a first-time homebuyer (haven't owned a home in the past three years)
- Your income is at or below the prescribed South Dakota Housing income limits
- The home you purchase is less than $385,000 and will be your primary residence in South Dakota
Financial Calculators
How much could your payment be? Should you rent or buy? Explore your potential costs and payments with our financial calculators.
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Is Grants for Grads for Me?
The best way to find out if you qualify for this special program is to contact a First PREMIER Mortgage Banker. We'll walk you through the entire home financing process - from application to closing. We can also do the research to see if you qualify for any other mortgage grants or programs.
Disclosure
All loans and interest rates are subject to credit approval. All lender fees and closing costs still apply. Interest rates are not guaranteed and subject to customer credit history, income and other factors.