Your source for expert information on housing in South Dakota

What's an FHA Loan and How Do I Qualify?

When navigating the world of homebuying, you've likely heard the term "FHA loan" before. But what exactly is an FHA loan, and what does it mean for your home purchase?

Here's an intro to this style of loan, what they offer and the criteria for qualification.

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Topics: Homeownership

What Are Property Taxes and How Are They Calculated?

Every homeowner has them—but what do they mean? Property taxes are a part of buying real estate. But how are they calculated? And what are they used for? The way property taxes are assessed varies state to state and county to county, but there are some basic parameters most fit into.

Here is a basic outline of how property taxes generally work for homeowners.

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Topics: Homeownership

6 Common Mistakes Most First-Time Homebuyers Make

There's a first time for everything—so when it comes to buying a home for the first time, you're bound to make a mistake or two. There's a learning curve to making purchases on this scale, but many homebuyers before you have made some mistakes so that you don't have to.

Here are six common first-time homebuyer mistakes you can avoid yourself.

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Topics: Homeownership

Homebuying with a Disability: Knowing Your Options

Purchasing a home can feel like a rite of passage for many individuals and families. It's an exciting time, but there are a lot of details to consider. When it comes to homebuying with a disability, however, there are even more added layers of options and key information that are critical to know.

Here are just a few things you should keep in mind as a homebuyer with a disability.

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Topics: Homeownership

5 Home Inspection Warning Signs to Keep in Mind

Home inspections are incredibly important to the homebuying process. A professional inspector can pinpoint problem areas for a potential property and save you headache down the road.

Here are five things to look out for during your home inspection.

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Topics: Homeownership

Understanding a "Loan Estimate" — What it Means for Your Home Purchase

Navigating the terminology of homebuying may introduce you to some new phrases that weren't in your vocabulary before. One such phrase is a "loan estimate" (f.k.a., a "good faith estimate"), which is a term used to identify a document that can be extremely helpful to you when shopping for the perfect mortgage.

Here are some aspects of loan estimates you should know about as a first-time homebuyer.

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Topics: Homeownership

The First-Time Homebuyer's Guide to Aberdeen

Seeking a great place to live in Aberdeen? If you're a first-time homebuyer, South Dakota Housing Development Authority (SDHDA) can help you finance your first home in South Dakota's third-largest city. The SDHDA First-Time Homebuyer program is a great place to begin.

Take a look at our tips for getting started with the program. 

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Topics: Homeownership

How to Benefit from an Affordable Housing Program in South Dakota

Are you struggling to find quality, affordable housing for you and your family? Rest assured that you have options. There are multiple ways in which South Dakotans can make use of affordable housing programs to end the struggle.

Here are four ways to enhance your affordable housing search.

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Topics: Homeownership

How Much Mortgage Can I Afford?: Finding Your Ideal Homebuying Budget

If you're venturing into the world of homebuying, one of the first steps you'll take is determining how much of a mortgage your budget can manage. Among your income, your expenses and your debts, there are several factors that go into plotting out your homebuying budget.

Here are just a few of the ways to get started.

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Topics: Homeownership

4 Ways to Save Money For Your Monthly Housing Budget

What could possibly be more fun than paying for a mortgage each month? (All right, you can probably name quite a few things, but keeping a comfortable housing budget doesn’t always have to be painful, either.)

Cutting down on a few expenses elsewhere can help you save for your housing budget.

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Topics: Homeownership

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