BuildSpec Loan Program

The BuildSpec Loan Program is a loan program from the South Dakota Housing Development Authority to loan construction money to builder members of the South Dakota Home Builders Association to build speculative homes.

What You Need to KNOW!

The BuildSpec Loan Program is…
A program that provides an incentive for builder members of the South Dakota Home Builders Association to build speculative homes.  The program is a partnership with the South Dakota Home Builders Association and the South Dakota Housing Development Authority whereby the South Dakota Housing Development Authority makes low interest construction loans to builder memebers of the South Dakota Home Builders Association for speculative homes.

Who qualifies for a BuildSpec Loan?

Builder members of the South Dakota Home Builders Association qualify with a limit of one loan at a time.  If a builder has had a BuildSpec Loan previously, and there is a waiting list, the builder must go to the end of the waiting list.

What are the Terms of a BuildSpec Loan?

  • Only speculative homes qualify.
  • The maximum value of the home is $275,000
  • The maximum loan is 80% of the value of the home
  • to name a few…

How does a builder Member Apply?

Contact the South Dakota Housing Development Authority!

(605) 773-5236
Mike Harsma:  email hidden; JavaScript is required
PO Box 1237
Pierre, SD 57501

View BuildSpec Brochure

View BuildSpec Flyer