South Dakota Sets Nov. 2 Launch for ‘Give Me Five’ Homebuyer Assistance Program
South Dakota has launched the 'Give Me Five' program, a new state initiative providing first-time homebuyers with down payment assistance equivalent to 5% of their first mortgage. The program, intended to help eligible buyers purchase primary residences in the state,…
Rapid City, SD, October 14, 2026 —
South Dakota’s “Give Me Five” program is scheduled to begin on Nov. 2, offering eligible first-time homebuyers down payment assistance equal to 5% of their first mortgage.
The state initiative is intended to help buyers purchase primary residences in South Dakota. The program summary identifies the assistance amount as a percentage of a buyer’s first mortgage, but does not specify a maximum dollar amount or explain how the assistance will be provided.
Details about eligibility beyond the first-time buyer and primary-residence requirements were not provided. The summary also does not state whether applicants must meet income, credit or purchase-price limits, or whether the program has other conditions.
The program’s launch date was given as Nov. 2, but no year was specified. Information about how prospective buyers can apply, which agency will administer the initiative, and whether funding is limited was not included.
As described, the initiative is focused on buyers purchasing a home to live in within South Dakota, rather than on other types of property purchases. The 5% assistance is calculated in relation to the first mortgage; the available information does not clarify whether it is a grant, a loan or another form of support.
Further program details, including application procedures and the full eligibility criteria, were not provided in the announcement summary. Those points remain unspecified alongside the program’s launch date and stated assistance rate.
Story summarized from the original created by Tamara Chibe on www.kotatv.com, see more information here.
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