Homeownership

Interest Rates

Government
(FHA, VA and USDA Rural Development)
Government
(FHA, VA and USDA Rural Development)
SDHDA Tax Credit (MCC) **
or Repeat Homebuyer
Conventional
(PMI Insured and Uninsured)
Conventional
(PMI Insured and Uninsured)
SDHDA Tax Credit (MCC) **
or Repeat Homebuyer

Fixed Rate Buy Down

N/A

N/A

2.500%

1% Discount Point

2.625%

1% Discount Point

Fixed Rate

2.375%

2.500%

2.625%

2.750%

Fixed Rate Plus Loan*

2.875%

3.000%

3.000%

3.125%

Effective September 21, 2020 @ 9:00 am

*The Fixed Rate Plus Loan includes downpayment and closing costs assistance as a second mortgage at 0% with no payments equal to 3% of the first mortgage loan amount. Interest Rates are subject to change without prior notice. Advertised rates are for a 30-year fixed rate mortgage.

This is not a commitment to lend. SDHDA does not lend money directly to consumers. We use approved Participating Lenders to qualify consumers and make all mortgage loans. Homebuyers interested in applying for financing should contact one of our Participating Lenders. This is not an advertisement for credit as defined in Regulation Z; contact a Participating SDHDA Lender for Annual Percentage Rate ("APR") information.

**The SDHDA Tax Credit (MCC) includes a $250 Tax Credit Fee. All rates include 1% Origination Fee.