CDFI Deferred DPCC
Deferred second loan · New construction · Income limits
Single-family detached, condominium, townhouse, PUD. Manufactured home on permanent foundation per first-mortgage product.
See details Jul 2026
Down payment assistance · South Dakota
Buying a home in Pennington County, SD
4 county-wide programs, 1 city with their own, plus 8 statewide and 62 nationwide.Pennington has 4 programs that cover the whole county and 1 city with a program of their own. On top of those, 8 statewide and 62 nationwide programs are open here. Start with your city or ZIP to see which apply to the home you want.
Free · No credit pull · No SSN
Anywhere in PenningtonAnywhere in Pennington County
4 programs for every Pennington address4 programs that cover every Pennington address
All 4 are for first-time homebuyers and ask for a homebuyer class.These are run for the whole county, so a home in Rapid City, Box Elder or Rapid Valley can use them. All 4 are for first-time homebuyers and ask for a homebuyer class.
HOF Deferred DPCC
Deferred second loan · New construction · Income limits
Single-family detached, condominium, townhouse, PUD, manufactured home per first-mortgage product.
See details Jul 2026
Legacy DPCC
Deferred second loan · New construction · Income limits
Single-family detached, condominium, townhouse, PUD, manufactured home per first-mortgage product.
See details Jul 2026
NLS DPCC
Deferred second loan · New construction · Income limits
Single-family detached, condominium, townhouse, PUD, manufactured home per first-mortgage product.
See details Jul 2026
Only inside city limits
1 city with their own program1 Pennington city with their own program
For a home inside that city, on top of the county-wide 4.A city program is for a home inside that city. Buying there? It sits on top of the 4 county-wide programs above.
The Pennington marketThe Pennington housing market
Kinds of homes hereWhat kinds of homes are here, and what the programs accept
Kinds of homes in Pennington
- 62.3% single-familysingle-family
- 5.6% townhousetownhouse
- 5.2% 2–4 units2–4 units
- 17.9% 5+ unitscondo & apartment buildings (5+ units)
- 9% mobile & othermobile home & other
Condos count. All 4 county-wide programs list condos as eligible.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Pennington’s homes were built
pre-19401970s2020+
47.6%
of Pennington homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$101,300
HUD area median income, 4 people (FY2026)HUD area median income, Pennington County, 4-person household (FY2026)
$74,517
Median household income (ACS 2024 5-year)Median household income in Pennington (Census ACS 2024 5-year)
69.3%
of occupied homes are owner-occupied (South Dakota: 68.6%)
The two income figures measure different things. HUD’s area median income is the one programs use. 13 of the 77 programs here set their income limit as a share of Pennington County’s area median income, adjusted for household size. See the published limits for Pennington County
Free help in PenningtonFree help in Pennington
2 HUD-approved counseling agencies with an office in the county2 HUD-approved housing counseling agencies with an office in Pennington County
7 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 7 local programs here ask for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
Find my counselor
Free account → 90-second match → your counselors · Sign in
Counted from HUD’s list of approved agencies: active offices whose ZIP code is in Pennington County.
4 cities and placesA to Z
All cities in Pennington CountyAll 4 cities and places in Pennington County
has a program of its own
Pennington questions
Can I use a county program anywhere in Pennington?
The 4 county-wide programs cover homes anywhere in the county. City programs, like Rapid City’s, are only for homes inside that city’s limits. Each agency sets its own rules, so confirm on the program’s official site.
Can I combine a county program with a city program?
Sometimes. Combining ("stacking") programs is set by each administering agency, and some do not allow a second program on the same home. Each program’s page links to the agency that can say.
What is the area median income in Pennington County?
HUD publishes it once a year; the 2026 four-person figure is shown above. Programs set their limits as a share of it, adjusted for household size, and the published limits page lists each one.
Do Pennington programs accept condos?
All 4 county-wide programs list condos as eligible. The agency confirms it for the home you choose.
Where can I take a homebuyer class in Pennington?
HUD-approved housing counseling agencies teach homebuyer classes, and 2 agencies have an office in Pennington County. Create a free account and take the 90-second match to see the ones near you.
Keep exploring
Sources
Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024), tables B01003, B25077, B25003, B25024, B25034, B25035, B19013. Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.