Buying a Home in Sioux Falls, SD

It depends on your loan, your down payment, closing costs, inspections and any prepaid items. Some qualified buyers can use low down payment or assistance programs. A local lender can give you real numbers, and we are happy to connect you with one.

Searching can take a few days or a few months. Once your offer is accepted, closing usually takes about 30 to 45 days.

Call one of us first, and we'll connect you with a trusted lender. Even if you're a year out, it's smart to get all the information now so you're prepared when it's time. Let's set up a Strategy Session so you can maximize your dollars and put a plan in place.

Yes. SD Housing offers a First-Time Homebuyer Program, down payment assistance and a Mortgage Credit Certificate through participating lenders. You generally can't have owned a home in the past 3 years, and income and price limits apply. Free homebuyer classes are offered by Sioux Empire Housing Partnership and LSS.

Give Me Five is a new SD Housing program starting November 2, 2026, that may help eligible first-time buyers with 5% down payment assistance, with no monthly payments and forgiveness after five years when program requirements are met. It's only offered for a limited time, so don't wait. Contact one of our Allen Edge agents to find out more, and we'll connect you with a lender.

Not always. Many loan types allow a smaller down payment, including FHA, VA, USDA and South Dakota Housing loans. Your lender can show you the options you qualify for.

Closing costs include lender fees, title insurance, recording fees and prepaid taxes and insurance. Your lender sends a Loan Estimate within 3 business days of your application, and you get a Closing Disclosure with final numbers at least 3 business days before closing.

We recommend one. New does not always mean flawless, and many buyers choose an independent inspection during or after construction.

Yes, if you can. The builder's representative works for the builder. Your own agent can help you review the contract, costs, timeline, inspections, upgrades and resale value.

Possibly. Options can include a contingent offer, bridge financing, using your home equity, or qualifying for both payments. A lender can tell you what fits, and our home valuation tool shows what your current home could be worth.

Buying a home involves a lot more than finding one you love. Your buyer's agent helps you understand the local market, recognize a home's true value, negotiate the best possible terms, navigate inspections and financing, and avoid costly mistakes along the way.

At Allen Edge, you're not just hiring one agent. When you hire one of us, you get all of us. Our entire team works together to make your homebuying experience as smooth, informed, and enjoyable as possible. We'll also walk you through our buyer representation agreement upfront, so you understand exactly how we work for you.

If you decide the home you bought with Allen Edge isn't the right fit within the first 12 months, we'll help you sell it and find a home you do love, as part of our Love It or List It Guarantee. Ask us for the details. Program eligibility and terms apply. See how Love It or List It works.

It's a program designed to help first-time buyers buy smarter, explore opportunities to save money, and feel confident every step of the way, with a personalized homebuying plan and guidance on financing and down payment assistance. Explore the First-Time Buyer Advantage.

Our relationship doesn't end at closing. With Allen Edge Homeowner for Life, we offer annual equity reviews, home maintenance resources and membership in our VIP Club. See VIP Club benefits.