Discharged Military Veterans Offered Incentive in Homebuyer Program
Discharged Military Veterans Offered Incentive in Homebuyer Program
Discharged U.S. military veterans can now purchase a home through the South Dakota Housing Development Authority's (SDHDA) First-Time Homebuyer Program, even if the military veterans have previously owned a home.
The First-Time Homebuyer Program provides low-interest loans for qualified South Dakotan who have not previously owned a home.
"The recently enacted Tax Relief and Health Care Act of 2006 modified federal law and allows our discharged military veterans to purchase a home through this program, even if they have owned a home in the past. I'm honored to announce this incentive for our military veterans," stated Gov. Mike Rounds. "Our military men, women and their families have sacrificed a great deal to protect our country and freedoms. This is one of many ways we can assist our veterans and thank them for their dedication to our country and to South Dakota."
"We are very pleased that this Veteran's Waiver is now part of the First-Time Homebuyer Program," said SDHDA's Executive Director Mark Lauseng. "This will assist our eligible, discharged veterans to obtain more affordable homes." In addition, discharged or released veterans can use a Veteran's Administration (VA) loan to pay for 100% of the down payment costs affiliated with the purchase of a home or any of the other loan types available to them.
Certain qualifications apply. For more information, visit our Web site at: www.sdhda.org, contact a local participating lender, request more information by calling 605.773.3181, or write to SDHDA at P.O. Box 1237, Pierre, SD57501-1237.
The South Dakota Housing Development Authority (SDHDA) is an independent, quasi-public agency that finances and develops affordable housing opportunities for low and moderate-income residents throughout South Dakota. SDHDA is totally self-supporting and receives no tax money, appropriations or other funding from the State. SDHDA does not discriminate against any person because of race, color, creed, religion, sex, disability, familial status or national origin. SDHDA is a proud partner of the State's 2010 Initiative to "Brand and Develop South Dakota's Quality of Life as the Best in America." For more information, visit www.sdhda.org or www.2010initiative.com.
http://www.state.sd.us/governor/