Homeownership Program | Black Hills Area Habitat for Humanity
610 E. Omaha Street, Rapid City, SD 57701
Eligibility
Hours
Application process
Informational meetings are held in-person periodically. A video recording is available on the website.
Fees
Applicants will be required to make a $500.00 down payment within the first 5 months of being oriented and be capable of savings funds for closing costs over the course of the program.
Service area
Bennett County, SD
Butte County, SD
Custer County, SD
Fall River County, SD
Jackson County, SD
Lawrence County, SD
Meade County, SD
Oglala Lakota County, SD
Pennington County, SD
Description
Qualified applicants participate in financial & homebuyer education and volunteer on jobsites. Upon completion of program requirements, applicants obtain a low-interest or zero-interest loan through Black Hills Area Habitat for Humanity (BHAHFH) or a third-party lender. Gaps in affordability are financed by BHAHFH through a subordinate, deferred mortgage. Qualifications include ability to pay an affordable mortgage payment, maintaining a debt-to-income ratio, and willingness to partner with BHAHFH. Applications are available to be printed from website.
Data provided by
HLC211 Helpline Center
Providing organization
Black Hills Area Habitat for Humanity
Habitat for Humanity brings people together to build homes, communities and hope.