---
title: The First-Time Homebuyer's Guide to Sioux Falls
description: If you’re in the market for your first house in Sioux Falls, the South Dakota Housing Development Authority (SDHDA) has the program for you.
image: https://info.sdhda.org/hubfs/SiouxFallsFirstTimeHomebuyers.jpg
---
[](https://www.sdhda.org)
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- [Homeownership](https://www.sdhda.org/homeownership)
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- [My SDHDA Loan](https://www.sdhda.org/homeownership/my-sdhda-loan)
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- [Do I Qualify](https://www.sdhda.org/for-renters/do-i-qualify)
- [Affordable Rental Housing Frequently Asked Questions](https://www.sdhda.org/for-renters/affordable-rental-housing-frequently-asked-questions)
- [Fair Housing and Your Rights](https://www.sdhda.org/for-renters/fair-housing-and-your-rights)
- [Tips For Renters](https://www.sdhda.org/for-renters/tips-for-renters)
- [Legal Services of SD](https://www.sdhda.org/for-renters/discrimination-complaints)
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- [Homeowner Rehabilitation Program](https://www.sdhda.org/social-programs/homeowner-rehabilitation-program)
- [Emergency Solutions Grants Program](https://www.sdhda.org/social-programs/emergency-solutions-grants-program)
- [Paint-South Dakota](https://www.sdhda.org/social-programs/paint-south-dakota)
- [Continuum Of Care](https://www.sdhda.org/social-programs/continuum-of-care)
- [Section 811 PRA Program](https://www.sdhda.org/social-programs/section-811-pra-program)
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- [Annual Reports](https://www.sdhda.org/investors/annual-reports)
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[Home](https://sdhda.org/) [](https://sdhda.org)
- [Homeownership](https://www.sdhda.org/homeownership/home-ownership)
- [First-Time Homebuyer](https://www.sdhda.org/homeownership/first-time-homebuyer)
- [Repeat Homebuyer Program](https://www.sdhda.org/homeownership/repeat-homebuyer-program)
- [Governor's House Program](https://www.sdhda.org/homeownership/governors-house-program)
- [Home Improvement](https://www.sdhda.org/homeownership/home-improvement)
- [Downpayment Assistance](https://www.sdhda.org/homeownership/downpayment-assistance)
- [Tools](https://www.sdhda.org/homeownership/tools)
- [My SDHDA Loan](https://www.sdhda.org/homeownership/my-sdhda-loan)
- [Lenders](https://www.sdhda.org/homeownership/lenders)
- [Realtors](https://www.sdhda.org/homeownership/realtors)
- [Renting](https://www.sdhda.org/renting/for-renters)
- [Rental Assistance](https://www.sdhda.org/for-renters/rental-assistance)
- [Rental Housing Search](https://www.sdhda.org/for-renters/rental-housing-search)
- [Do I Qualify](https://www.sdhda.org/for-renters/do-i-qualify)
- [Affordable Rental Housing Frequently Asked Questions](https://www.sdhda.org/for-renters/affordable-rental-housing-frequently-asked-questions)
- [Fair Housing and Your Rights](https://www.sdhda.org/for-renters/fair-housing-and-your-rights)
- [Tips For Renters](https://www.sdhda.org/for-renters/tips-for-renters)
- [Legal Services of SD](https://www.sdhda.org/for-renters/discrimination-complaints)
- [Housing Development](https://www.sdhda.org/housing-development/housing-development)
- [Housing Development Resources](https://www.sdhda.org/housing-development/housing-development-resources)
- [HOME Program](https://www.sdhda.org/housing-development/home-program)
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- [Housing Development Programs](https://www.sdhda.org/housing-development/housing-development-programs)
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- [Application Submission](https://www.sdhda.org/housing-development/application-submission)
- [Property Management](https://www.sdhda.org/property-management/education-and-training)
- [Education and Training](https://www.sdhda.org/property-management/education-and-training)
- [Fair Housing and Legal](https://www.sdhda.org/property-management/fair-housing-and-legal)
- [Property Management Resources](https://www.sdhda.org/property-management/management-resources)
- [Program Compliance](https://www.sdhda.org/property-management/program-compliance)
- [Business Partners](https://www.sdhda.org/property-management/business-partners)
- [Social Programs](https://www.sdhda.org/social-programs/paint-south-dakota)
- [Paint-South Dakota](https://www.sdhda.org/social-programs/paint-south-dakota)
- [Continuum Of Care](https://www.sdhda.org/social-programs/continuum-of-care)
- [Emergency Solutions Grants Program](https://www.sdhda.org/social-programs/emergency-solutions-grants-program)
- [Section 811 PRA Program](https://www.sdhda.org/social-programs/section-811-pra-program)
- [About](https://www.sdhda.org/about/about-sdhda-south-dakota-housing-development-authority)
- [About SDHDA](https://www.sdhda.org/about/about-sdhda-south-dakota-housing-development-authority)
- [Disclosure Reports](https://www.sdhda.org/about/disclosure-reports)
- [Investors](https://www.sdhda.org/investors/liquidity-reports)
- [Liquidity Reports](https://www.sdhda.org/investors/liquidity-reports)
- [Financial Reports](https://www.sdhda.org/investors/financial-reports)
- [Annual Reports](https://www.sdhda.org/investors/annual-reports)
- [Municipal Advisor Disclosure](https://www.sdhda.org/investors/municipal-advisor-disclosure)
Your source for expert information on housing in South Dakota
# The First-Time Homebuyer's Guide to Sioux Falls
If you’re in the market for your first house in Sioux Falls, the South Dakota Housing Development Authority (SDHDA) has the program for you. To get you kick-started, here are a few jumping-off points to getting involved in the SDHDA First-Time Homebuyer Program locally.
## Participating lenders
When it comes to finding your lender, there are [a variety of Sioux Falls financial institutions](http://www.sdhda.org/lender-list.html?searchword1=sioux+falls&moduleId=144&Itemid=391) that work with the SDHDA to offer first-time homebuyer loans, including:
| [Advana Mortgage](http://advanamortgage.com) 605.275.2777 | [Liberty National Bank](http://libertynationalonline.com) 605.362.1272 |
| --- | --- |
| [CorTrust Mortgage](http://cortrustmortgage.com) 605.331.4092 | [MegaStar Financial Corp](http://megastarfinancial.com/sioux-falls) 605.988.8830 |
| [CU Mortgage Direct](http://cumortgagedirect.com) 605.339.2152 | [Plains Commerce Bank](http://plainscommerce.com) 605.275.2467 |
| [Dacotah Bank](http://dacotahbank.com) [605.336.7700](http://dacotahbank.com) | [Frost Mortgage](http://frostmortgagesiouxfalls.com) 605.331.5773 |
| [First Bank and Trust](http://bankeasy.com) 605.782.8000 | [Security National Bank of South Dakota](http://snbsd.com) 605.977.9000 |
| [First Dakota National Bank](http://firstdakota.com) 605.333.8200 | [Service First Federal Credit Union](http://servicefirstfcu.org) 605.336.1047 |
| [First Interstate Bank](http://firstinterstatebank.com) 605.977.8501 | [Sioux Falls Federal Credit Union](http://siouxfallsfcu.org/personal/personal-home) 605.334.2471 |
| [First National Bank of Omaha](http://firstnational.com) 605.977.5450 | [The First National Bank in Sioux Falls](http://fnbsf.com) 605.782.5700 |
| [First Premier Bank](http://firstpremier.com) 605.357.3110 | [U.S Bank Home Mortgage](https://www.usbank.com/home-loans/mortgage/) 605.339.8600 |
| [Great Western Bank](http://greatwesternbank.com) 605.334.2548 | [VanDyk Mortgage Corporation](http://www.vandykmortgage.com/) 605.940.7979 |
| [Home Federal Bank](http://homefederal.com) 605.333.7500 | [Wells Fargo Home Mortgage](https://www.wellsfargo.com/mortgage/) 605.575.5666 |
---
If you are looking for more information about potential lenders, check out our e-book on financing your first home. [](https://cta-redirect.hubspot.com/cta/redirect/1744228/a7d05d04-aad7-4d2c-88e2-aa1dc902a236)
---
## Agent options
Selecting your real estate agent is key to the successful purchase of your first home. Those practicing realty in the state of South Dakota **must** be licensed with the South Dakota Department of Labor and Regulation. There are hundreds of available agents in the Sioux Falls area – make sure any real estate agent you consider is fully and currently licensed. [**Click here to search the real estate agent database.**](https://sdrec.sd.gov/registration/licenseelist.aspx)
## Neighborhood choices
Sioux Falls offers a vast variety of house sizes, prices and styles from which to choose for any first-time homebuyer. When it comes to choosing your ideal neighborhood, make sure to research what matters to you – from the nearest schools to proximity to work to safety and cost. Here’s a sampling of what Sioux Falls offers on both the high end and low end:
- **Southeast Region**
- Average Home Price: $377,484
- Area Schools: Harvey Dunn Elementary, John Harris Elementary
- Area Amenities: Harmodon Park, Morningside Community Center, Prairie Green Golf Course
- **Western Region**
- Average Home Price: $230,550
- Area Schools: R.F. Pettigrew Elementary, Memorial Middle, Roosevelt High
- Area Amenities: Kuehn Park and Community Center, Thunder Road Family Fun Park, The Outdoor Campus
- **Central Region**
- Average Home Price: $113,342
- Area Schools: Lowell Elementary, Edison Middle, Lincoln High
- Area Amenities: Spellerberg Park, Washington Pavilion, Kirby Science Discovery Center
- **North Central Region**
- Average Home Price: $88,959
- Area Schools: Laura B. Anderson Elementary, Whittier Middle
- Area Amenities: Sioux Falls Regional Airport, Elmwood Golf Course, Denny Sanford PREMIER Center
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This should give you a proper starting point for seeking the perfect house for you in Sioux Falls – **make your first-time homebuying experience a smooth one by keeping these tips in mind.**
Topics: [Homeownership](https://info.sdhda.org/topic/homeownership)
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# Contact
[P.O. Box 1237, 3060 East Elizabeth Street, Pierre, SD 57501](https://goo.gl/maps/qaN44UEeRXn)
Phone: [605-773-3181](tel:6057733181) Fax: [605-773-5154](fax:+605.773.5154) [info@sdhda.org](mailto:info@sdhda.org)
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