Homebuyer Education
SD Housing / Ready To Buy? / Homebuyer Education
Owning a home offers you and your family stability, security, and pride. Homeownership is also one of the fastest ways to build equity and accumulate wealth. Today, the process of buying a home, coupled with the wide variety of ever-changing mortgage products and services, it is not surprising that homebuyers are sometimes fearful of the process. Homebuyer education empowers individuals so they can be in control of their purchasing dollars. Attending a homebuyer education class not only takes the fear out of the process but also guides you on your journey as a responsible homeowner. So if you're buying your first home or even your third home, attending a homebuyer education class is really the key to successful homeownership!
Every Homebuyer Needs a HERO
You shouldn’t have to go into homeownership without the knowledge you need. That’s where the Homeownership Education Resource Organization (HERO) comes in. Providing high-quality, comprehensive homeownership and rental information for South Dakotans in need is the No. 1 priority of this independent, 501(c)(3) organization.
Through South Dakota Housing, HERO provides free, useful education to future homeowners so they can buy confidently.
Build a Foundation
Every homeowner needs the knowledge to feel confident about their purchase. After all, it’s one of the biggest—and most rewarding—financial decisions you’ll make in your lifetime. To set you up for success, South Dakota Housing can connect you with educators, counselors and the do-it-yourself tools you need to make the best decision for your household.
Mortgage Calculator
Budgeting for homeownership takes planning ahead—from the utility bills to potential needed repairs. The most important number to consider in advance, though, is your monthly mortgage payment.
HERO Class
Class Topics
Over 200 homeownership education classes are held throughout South Dakota during the year by a network of HUD-approved housing counseling agencies. HERO partners can provide classes in a group format, one-on-one or online to potential homeowners. Pre-purchase homebuyer education will provide information on homebuying and financial management including:
Personal Money Management - Gain a broader understanding of budgeting and other money management.
Credit History Review - Learn the importance of your credit report and the impact it has on homeownership.
Financing and the Loan Process - Learn the financing process and available financing alternatives.
Shopping for a Home - Find out how to search and select a home appropriate to your needs.
Now that I'm a Homeowner - Prepare for the responsibilities of homeownership financially and maintenance of your home.
Predatory Lending - A must for all new homeowners! - Learn how to detect fraudulent or deceptive behavior in the mortgage industry.
Additional topics may be covered at the discretion of the HERO Partner.
HERO Partners
Black Hills Community Loan Fund
607 1/2 Mt. Rushmore Road Suite 105
Rapid City, SD 57701
Phone: 605-216-7257
Contact: barbaras@bhclf.org or starm@bhclf.org
Website: www.bhclf.org
homebuyer education
Cheyenne River Housing Authority
401 Owohe Nupa Drive, PO Box 480
Eagle Butte, SD 57625
Phone: 605-964-4265
Contact: michelle@crhanetwork.org
Website: www.crhanetwork.org
homebuyer education
Consumer Credit Counseling Service of the Black Hills
2310 North Maple
Rapid City, SD 57701
Phone: 605-348-4550 Ext. 144 or 1-800-568-6615
Contact: info@cccsbh.com
Website: www.cccsbh.com
homebuyer education and housing counseling
Center for Financial Resources - Lutheran Social Services
705 East 41st Street, STE 100
Sioux Falls, SD 57105-6025
Phone: 605-330-2700 or 1-888-258-2227
Contact: CFR@LssSD.org
Website: homebuyer.lsssd.org
homebuyer education and housing counseling
Homes Are Possible, Inc.
125 South 2md Street
Aberdeen, SD 57401
Phone: 605-225-4274
Contact: jacki@homesarepossible.org
Website: www.homesarepossible.org
homebuyer education
Lakota Funds
Lakota Trade Center, BIA 2; PO Box 340
Kyle, SD 57752
Phone: 605-455-2500
Contact: info@lakotafunds.org
Website: www.lakotafunds.org
homebuyer education
Mazaska Owecaso Otipi Financial, Inc.
108 Oglala Street; PO Box 1996
Pine Ridge, SD 57770
Phone: 605-867-1018
Contact: csteele@mazaskacdfi.org
Website: www.mazaskacdfi.org
homebuyer education
NeighborWorks® Dakota Home Resources
795 Main St. Deadwood, SD 57732
Phone: 605-578-1401
Contact: carol@nwdhr.org
Website: www.neighborworksdhr.org
homebuyer education and housing counseling
Northeast SD Community Action Program dba GrowSD
104 Ash Street East
Sisseton, SD 57262
Phone: 605-698-7654 or 1-888-202-4855
Contact: info@growsd.org
Website: www.growsd.org
homebuyer education and housing counseling
Oglala Sioux Tribe Partnership for Housing, Inc.
PO Box 3001
4 Fraggle Rock Street
Pine Ridge, SD 57770
Phone: 605-867-1555
Website: www.ostpartnershipforhousing.com
homebuyer education
Sioux Empire Housing Partnership
200 North Phillips Ave., Suite 200
Sioux Falls, SD 57104
Phone: 605-339-0942
Contact: hbarron@siouxfalls.com; kanderson@siouxfalls.com
Website: www.siouxempirehousing.org
homebuyer education and housing counseling
Thunder Valley CDC
PO Box 290
Porcupine, SD 57772
Phone: 605-455-2700
Website: www.thundervalley.org
homebuyer education