What are FHA Loan Limits in South Dakota?

FHA loans are a low down payment mortgage program and South Dakota FHA loan limits are connected to local home values. Search the charts below to determine the maximum mortgage amount allowed for your county. FHA loan limits in South Dakota are set at the floor amount of $275,665 across the entire state.

South Dakota FHA Loan Limits Search:

County Name
Area
1-Unit
2-Unit
3-Unit
4-Unit
AURORANON-METRO$275,665$352,950$426,625$530,150
BEADLEHURON, SD$275,665$352,950$426,625$530,150
BENNETTNON-METRO$275,665$352,950$426,625$530,150
BON HOMMENON-METRO$275,665$352,950$426,625$530,150
BROOKINGSBROOKINGS, SD$275,665$352,950$426,625$530,150
BROWNABERDEEN, SD$275,665$352,950$426,625$530,150
BRULENON-METRO$275,665$352,950$426,625$530,150
BUFFALONON-METRO$275,665$352,950$426,625$530,150
BUTTENON-METRO$275,665$352,950$426,625$530,150
CAMPBELLNON-METRO$275,665$352,950$426,625$530,150
CHARLES MIXNON-METRO$275,665$352,950$426,625$530,150
CLARKNON-METRO$275,665$352,950$426,625$530,150
CLAYVERMILLION, SD$275,665$352,950$426,625$530,150
CODINGTONWATERTOWN, SD$275,665$352,950$426,625$530,150
CORSONNON-METRO$275,665$352,950$426,625$530,150
CUSTERRAPID CITY, SD$275,665$352,950$426,625$530,150
DAVISONMITCHELL, SD$275,665$352,950$426,625$530,150
DAYNON-METRO$275,665$352,950$426,625$530,150
DEUELNON-METRO$275,665$352,950$426,625$530,150
DEWEYNON-METRO$275,665$352,950$426,625$530,150
DOUGLASNON-METRO$275,665$352,950$426,625$530,150
EDMUNDSABERDEEN, SD$275,665$352,950$426,625$530,150
FALL RIVERNON-METRO$275,665$352,950$426,625$530,150
FAULKNON-METRO$275,665$352,950$426,625$530,150
GRANTNON-METRO$275,665$352,950$426,625$530,150
GREGORYNON-METRO$275,665$352,950$426,625$530,150
HAAKONNON-METRO$275,665$352,950$426,625$530,150
HAMLINNON-METRO$275,665$352,950$426,625$530,150
HANDNON-METRO$275,665$352,950$426,625$530,150
HANSONMITCHELL, SD$275,665$352,950$426,625$530,150
HARDINGNON-METRO$275,665$352,950$426,625$530,150
HUGHESPIERRE, SD$275,665$352,950$426,625$530,150
HUTCHINSONNON-METRO$275,665$352,950$426,625$530,150
HYDENON-METRO$275,665$352,950$426,625$530,150
JACKSONNON-METRO$275,665$352,950$426,625$530,150
JERAULDNON-METRO$275,665$352,950$426,625$530,150
JONESNON-METRO$275,665$352,950$426,625$530,150
KINGSBURYNON-METRO$275,665$352,950$426,625$530,150
LAKENON-METRO$275,665$352,950$426,625$530,150
LAWRENCESPEARFISH, SD$275,665$352,950$426,625$530,150
LINCOLNSIOUX FALLS, SD$275,665$352,950$426,625$530,150
LYMANNON-METRO$275,665$352,950$426,625$530,150
MARSHALLNON-METRO$275,665$352,950$426,625$530,150
MCCOOKSIOUX FALLS, SD$275,665$352,950$426,625$530,150
MCPHERSONNON-METRO$275,665$352,950$426,625$530,150
MEADERAPID CITY, SD$275,665$352,950$426,625$530,150
MELLETTENON-METRO$275,665$352,950$426,625$530,150
MINERNON-METRO$275,665$352,950$426,625$530,150
MINNEHAHASIOUX FALLS, SD$275,665$352,950$426,625$530,150
MOODYNON-METRO$275,665$352,950$426,625$530,150
OGLALA LAKOTANON-METRO$275,665$352,950$426,625$530,150
PENNINGTONRAPID CITY, SD$275,665$352,950$426,625$530,150
PERKINSNON-METRO$275,665$352,950$426,625$530,150
POTTERNON-METRO$275,665$352,950$426,625$530,150
ROBERTSNON-METRO$275,665$352,950$426,625$530,150
SANBORNNON-METRO$275,665$352,950$426,625$530,150
SPINKNON-METRO$275,665$352,950$426,625$530,150
STANLEYPIERRE, SD$275,665$352,950$426,625$530,150
SULLYPIERRE, SD$275,665$352,950$426,625$530,150
TODDNON-METRO$275,665$352,950$426,625$530,150
TRIPPNON-METRO$275,665$352,950$426,625$530,150
TURNERSIOUX FALLS, SD$275,665$352,950$426,625$530,150
UNIONSIOUX CITY, IA-NE-SD$275,665$352,950$426,625$530,150
WALWORTHNON-METRO$275,665$352,950$426,625$530,150
YANKTONYANKTON, SD$275,665$352,950$426,625$530,150
ZIEBACHNON-METRO$275,665$352,950$426,625$530,150

South Dakota FHA loan limits can change at any time. Check back often to ensure information is accurate.

How are South Dakota FHA Limits Set?

South Dakota FHA Loan LimitsMortgage limits for South Dakota FHA loans are based on median housing prices for the particular Metropolitan Statistical Area (MSA) and county. More specifically, “Median Sale Price” for area homes in each county or MSA is considered the determining factor. National FHA mortgage limits for low costs areas are set at 65 percent of the national conventional conforming loan limit. FHA loan limits are updated yearly.

South Dakota FHA Loan-to-Value Limits (LTV)

  • Purchase Loans –  The mortgage loan-to-value limit in South Dakota is 96.5% of the lower of the purchase price or the appraised value of the home.
  • Refinance Loans – The refinance loan-to-value limit in South Dakota is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs. If you’re refinancing and taking cash out from equity, the loan limit will be limited to 85% of the appraised home value.

South Dakota FHA loan limits are set at the nationwide floor amount in Rapid City, Sioux City, Aberdeen, Brookings, Watertown and the rest of the state. You may also want to view these additional FHA loan resources before deciding on a mortgage loan:

More FHA Loan Resources

 

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