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Mazaska Owecaso Otipi Financial Home Purchase Loan Program

Mazaska Owecaso Otipi Financial Home Purchase Loan Program is a first mortgage for homebuyers in Pine Ridge, South Dakota, administered by Mazaska Owecaso Otipi Financial, Inc.

Last verified Source: Mazaska Owecaso Otipi Financial, Inc.

The program asks for

  • A completed homebuyer education course, through Mazaska, with partners Oglala Sioux Tribe Partnership for Housing, Lakota Funds, and Thunder Valley.
  • Loan term: Home Purchase Loan: up to 30 years.. Serves members of the Oglala Sioux Tribe and other federally recognized tribes for homeownership on the Pine Ridge Reservation; Financial Literacy and Homebuyer Education classes generally required; intake form and application required. A dedicated Veteran's track is offered (veteran flag). Mortgage-lending CDFI, not a standalone DPA grant; down payment help via SDNHOC.
  • A home in Oglala Lakota County

It doesn’t cover

  • Homes outside Oglala Lakota County

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

Where it applies

Oglala Lakota County’s homes

  • 69% single-family
  • 0.8% townhouse
  • 0.7% 2–4 units
  • 1.4% 5+ units
  • 28% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$52,900

Oglala Lakota County median home value

41.8%

built before 1980

U.S. Census Bureau, ACS 2024 5-year. More about buying in Oglala Lakota County

How to apply

  1. Take a homebuyer education course

    Required by the program, through Mazaska, with partners Oglala Sioux Tribe Partnership for Housing, Lakota Funds, and Thunder Valley..

  2. Contact Mazaska Owecaso Otipi Financial, Inc. to reserve funds

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

  3. 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 homebuyer can take it to a lender or housing counselor.

Questions about this program

What is Mazaska Owecaso Otipi Financial Home Purchase Loan Program?

Mazaska Owecaso Otipi Financial Home Purchase Loan Program is a first mortgage for homebuyers in Pine Ridge, South Dakota, administered by Mazaska Owecaso Otipi Financial, Inc. Mazaska Owecaso Otipi Financial is a Native CDFI founded in 2004 to create affordable housing opportunities on the Pine Ridge Indian Reservation for members of the Oglala Sioux Tribe and other federally recognized tribes. It offers housing loan products, one-on-one technical assistance, financial literacy classes, and a three-week homebuyer education course. Pairs with SDNHOC down payment assistance. Home Purchase Loan ($10,000-$150,000, up to 30-year term). Rehabilitation, Construction, and Credit Builder loans. Free homebuyer education and financial literacy classes.

How much assistance does it provide?

Mazaska Owecaso Otipi Financial Home Purchase Loan Program offers between $10,000 and $150,000 in assistance. Award tiers: Home Purchase Loan $10,000-$150,000 (up to 30 yrs); Rehabilitation $10,000-$40,000 (up to 15 yrs); Construction $25,000-$150,000; Credit Builder $500-$5,000 (up to 2 yrs). Amounts are the program's published maximums, not an offer — Mazaska Owecaso Otipi Financial, Inc. determines any individual award.

Do you have to pay it back?

Mazaska Owecaso Otipi Financial Home Purchase Loan Program is a first mortgage and is repaid under the terms set by Mazaska Owecaso Otipi Financial, Inc.. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Mazaska Owecaso Otipi Financial Home Purchase Loan Program sets its eligibility rules through Mazaska Owecaso Otipi Financial, Inc., and does not restrict applicants to first-time homebuyers. A homebuyer education course is required, through Mazaska, with partners Oglala Sioux Tribe Partnership for Housing, Lakota Funds, and Thunder Valley. Loan term: Home Purchase Loan: up to 30 years.. Serves members of the Oglala Sioux Tribe and other federally recognized tribes for homeownership on the Pine Ridge Reservation; Financial Literacy and Homebuyer Education classes generally required; intake form and application required. A dedicated Veteran's track is offered (veteran flag). Mortgage-lending CDFI, not a standalone DPA grant; down payment help via SDNHOC.

What are the income limits?

Mazaska Owecaso Otipi Financial Home Purchase Loan Program sets its income limit as follows: Income/eligibility terms referenced on the services page but specific limits not published online; intake form required. 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?

Mazaska Owecaso Otipi Financial Home Purchase Loan Program can be used for Single Family. New construction is eligible.

Is there eligibility for specific groups?

Mazaska Owecaso Otipi Financial Home Purchase Loan Program names veterans and American Indian and Alaska Native homebuyers 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?

Mazaska Owecaso Otipi Financial Home Purchase Loan Program serves homebuyers purchasing in Pine Ridge, South Dakota.

How do you apply?

Applications for Mazaska Owecaso Otipi Financial Home Purchase Loan Program go through Mazaska Owecaso Otipi Financial, Inc., which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Program terms are set by Mazaska Owecaso Otipi Financial, Inc. and can change; confirm on the official site before you apply.