American Bank and Trust is a member lender of South Dakota Housing Development Authority.  SDHDA offers low, fixed-rate mortgages options for first-time and repeat homebuyers whose household income falls within certain income guidelines.  

Find lots of great information, tools, and assistance for home mortgages from South Dakota Housing Development Authority.

Features & Benefits of a SDHDA Loan

• • Available For First-Time Homebuyers and Repeat Homebuyers
  • Guarantee Can Be FHA, VA, USDA, or Conventional
  • 3% and 5% Closing Cost/Down Payment Assistance Programs Available

SDHDA Loan Requirements

• • Strict income Limits Based on Household Size and County of Purchase
  • Primary Residence, Single Family, Stick-Built Homes
  • Non-Occupant Co-Borrower Not Allowed

Grants for Grads

SDHDA is offering a fantastic opportunity to save on a new home purchase. Borrowers who have graduated within the last 60 months can receive up to 5% of the loan amount as a credit, applicable towards closing costs and down payment. This means you could potentially move into your dream home with NO out-of-pocket expenses!

This special program adheres to standard SDHDA and GFG guidelines, ensuring a smooth process for eligible participants.

Ready to make your homeownership dreams a reality? Learn more about this offer and take the first step towards owning your own home at https://www.sdhousing.org/news-blog/grantsfofgrads#gsc.tab=0

A great home buying experience starts with great home buying partners. Meet your American Bank & Trust mortgage team and discover an outstanding group that truly lives at the intersection of what if and why not?  With AB&T home loan experts, you’ve got neighbors you can always count on.