To rent or to own; that is the question. Well, let’s break it down, shall we?


Sure, renting can have its benefits. Maybe you’re not responsible for the yard upkeep or shoveling in the bitter cold, or in-home fixes and repairs. And you have to answer to a landlord, on their terms and their time. Some repairs or problems can’t wait. So, what’s the price you pay? There’s a reason people say, “You’re just throwing money away! Don’t you want your money to go towards something? Something you own?!” Yet, maybe you’re not the settling-down type of person. In that case, renting may be for you.


Sure, there are challenges like being responsible for home repairs, yard upkeep and sidewalk maintenance. But remember you can also do what you want to make it your own! No sticking to a contract of Dos and Don’ts and fees. When you own a home, paying your mortgage is a great way to build home equity.* Making the move to buy and own a home is a very smart investment. Also, with owning a home, you may be able to deduct some of your mortgage interest!

Sure, it’s a big enough decision to buy. Now you have to figure out a way to come up with the closing costs!* But wait… would $1,500 help? Check this out! If you’re a first-time homebuyer, you could be qualified for the $1,500 closing cost grant being offered now through December 31st, 2017. Who doesn’t want help with closing costs?!

Here are more details on that $1,500 incentive:

  • It’s for SDHDA’s conventional loans only, 3% down (means it cannot be combined with RD or SDHDA’s fixed rate plus program that helps cover closing costs)

  • The $1500 can be applied towards closing costs only, it cannot be used towards down payment costs

  • The required household income is actually lower than what the normal qualifying income is for SDHDA loans.  I attached the income limits for you to see.

Brookings, Volga, Aurora, and other surrounding areas in South Dakota are perfect places to consider making your permanent residence. Not to mention, when you come home at the end of the day, you’re coming home to your home.

Got questions? I’m here to help! Visit for more details!

Posted by Shane Andersen on


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