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Four Bands Community Fund Home Mortgage and Section 502 Loan Program

Four Bands Community Fund, Inc. · Eagle Butte, South Dakota

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See what you qualify forOfficial program site →
Income limit

$66,400

The household income limit the program publishes

What is Four Bands Community Fund Home Mortgage and Section 502 Loan Program?

Four Bands Community Fund Home Mortgage and Section 502 Loan Program is a first mortgage for homebuyers in Eagle Butte, South Dakota, administered by Four Bands Community Fund, Inc.

  • Four Bands Community Fund is a certified Native CDFI in Eagle Butte serving the Cheyenne River Sioux Reservation (Dewey and Ziebach Counties). It offers mortgage products including a USDA Section 502 relending mortgage for low-income borrowers and a Home Mortgage Loan to build or purchase a home on or off trust land. Homebuyers may complete a financial literacy course and develop a personal budget. Pairs with SDNHOC down payment assistance.
  • Section 502 relending mortgage (low-income, up to 33-year term).
  • Home Mortgage Loan (purchase/build on or off trust land, up to 30-year term).
  • Construction and renovation loans also offered.

Do you have to pay it back?

Four Bands Community Fund Home Mortgage and Section 502 Loan Program is a first mortgage and is repaid under the terms set by Four Bands Community Fund, Inc..

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Four Bands Community Fund Home Mortgage and Section 502 Loan Program is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • DRAFT (dpa-gap-finder 2026-06-14): pending review. Loan term: Section 502: up to 33 years. Home Mortgage Loan: up to 30 years.. Consumer loan program available only to enrolled tribal members and permanent residents of the Cheyenne River Sioux Reservation; financial literacy course and personal budget may be required. Section 502 income limits: $66,400 (1-4 person), $87,650 (5-8 person). Primarily a mortgage CDFI, not a standalone DPA grant; partners with SDNHOC for down payment assistance. Could not confirm: interest rates (Home Mortgage Loan 'varies'), min credit score, max DTI, max purchase price, whether a separate in-house down payment grant is offered.

The program excludes

  • Households above $66,400

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Four Bands Community Fund Home Mortgage and Section 502 Loan Program limits household income to $66,400.

  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Four Bands Community Fund Home Mortgage and Section 502 Loan Program can be used for Single Family, Manufactured, and Modular.

  • New construction is eligible.
  • Manufactured homes are eligible.

Is there eligibility for specific groups?

Four Bands Community Fund Home Mortgage and Section 502 Loan Program names American Indian and Alaska Native buyers among the groups it serves.

  • Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

Four Bands Community Fund Home Mortgage and Section 502 Loan Program serves buyers purchasing in Eagle Butte, South Dakota.

How do you apply?

Applications for Four Bands Community Fund Home Mortgage and Section 502 Loan Program go through Four Bands Community Fund, Inc., which publishes the current terms and the application steps on its own site.

  1. Contact Four Bands Community Fund, Inc. to reserve funds

    Funds are reserved with the provider and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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