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 that work with the SDHDA to offer first-time homebuyer loans, including:
605.275.2777 |
605.362.1272 |
605.331.4092 |
605.988.8830 |
605.339.2152 |
605.275.2467 |
605.331.5773 |
|
605.782.8000 |
Security National Bank of South Dakota 605.977.9000 |
605.333.8200 |
Service First Federal Credit Union 605.336.1047 |
605.977.8501 |
Sioux Falls Federal Credit Union 605.334.2471 |
605.977.5450 |
The First National Bank in Sioux Falls 605.782.5700 |
605.357.3110 |
605.339.8600 |
605.334.2548 |
605.940.7979 |
605.333.7500 |
605.575.5666 |
If you are looking for more information about potential lenders, check out our e-book on financing your first home.
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.
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.