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$331,760$424,800$513,450$638,100
BEADLEHURON, SD$331,760$424,800$513,450$638,100
BENNETTNON-METRO$331,760$424,800$513,450$638,100
BON HOMMENON-METRO$331,760$424,800$513,450$638,100
BROOKINGSBROOKINGS, SD$331,760$424,800$513,450$638,100
BROWNABERDEEN, SD$331,760$424,800$513,450$638,100
BRULENON-METRO$331,760$424,800$513,450$638,100
BUFFALONON-METRO$331,760$424,800$513,450$638,100
BUTTENON-METRO$331,760$424,800$513,450$638,100
CAMPBELLNON-METRO$331,760$424,800$513,450$638,100
CHARLES MIXNON-METRO$331,760$424,800$513,450$638,100
CLARKNON-METRO$331,760$424,800$513,450$638,100
CLAYVERMILLION, SD$331,760$424,800$513,450$638,100
CODINGTONWATERTOWN, SD$331,760$424,800$513,450$638,100
CORSONNON-METRO$331,760$424,800$513,450$638,100
CUSTERNON-METRO$331,760$424,800$513,450$638,100
DAVISONMITCHELL, SD$331,760$424,800$513,450$638,100
DAYNON-METRO$331,760$424,800$513,450$638,100
DEUELNON-METRO$331,760$424,800$513,450$638,100
DEWEYNON-METRO$331,760$424,800$513,450$638,100
DOUGLASNON-METRO$331,760$424,800$513,450$638,100
EDMUNDSABERDEEN, SD$331,760$424,800$513,450$638,100
FALL RIVERNON-METRO$331,760$424,800$513,450$638,100
FAULKNON-METRO$331,760$424,800$513,450$638,100
GRANTNON-METRO$331,760$424,800$513,450$638,100
GREGORYNON-METRO$331,760$424,800$513,450$638,100
HAAKONNON-METRO$331,760$424,800$513,450$638,100
HAMLINWATERTOWN, SD$331,760$424,800$513,450$638,100
HANDNON-METRO$331,760$424,800$513,450$638,100
HANSONMITCHELL, SD$331,760$424,800$513,450$638,100
HARDINGNON-METRO$331,760$424,800$513,450$638,100
HUGHESPIERRE, SD$331,760$424,800$513,450$638,100
HUTCHINSONNON-METRO$331,760$424,800$513,450$638,100
HYDENON-METRO$331,760$424,800$513,450$638,100
JACKSONNON-METRO$331,760$424,800$513,450$638,100
JERAULDHURON, SD$331,760$424,800$513,450$638,100
JONESNON-METRO$331,760$424,800$513,450$638,100
KINGSBURYNON-METRO$331,760$424,800$513,450$638,100
LAKENON-METRO$331,760$424,800$513,450$638,100
LAWRENCESPEARFISH, SD$331,760$424,800$513,450$638,100
LINCOLNSIOUX FALLS, SD$331,760$424,800$513,450$638,100
LYMANNON-METRO$331,760$424,800$513,450$638,100
MARSHALLNON-METRO$331,760$424,800$513,450$638,100
MCCOOKSIOUX FALLS, SD$331,760$424,800$513,450$638,100
MCPHERSONNON-METRO$331,760$424,800$513,450$638,100
MEADERAPID CITY, SD$331,760$424,800$513,450$638,100
MELLETTENON-METRO$331,760$424,800$513,450$638,100
MINERNON-METRO$331,760$424,800$513,450$638,100
MINNEHAHASIOUX FALLS, SD$331,760$424,800$513,450$638,100
MOODYNON-METRO$331,760$424,800$513,450$638,100
OGLALA LAKOTANON-METRO$331,760$424,800$513,450$638,100
PENNINGTONRAPID CITY, SD$331,760$424,800$513,450$638,100
PERKINSNON-METRO$331,760$424,800$513,450$638,100
POTTERNON-METRO$331,760$424,800$513,450$638,100
ROBERTSNON-METRO$331,760$424,800$513,450$638,100
SANBORNNON-METRO$331,760$424,800$513,450$638,100
SPINKNON-METRO$331,760$424,800$513,450$638,100
STANLEYPIERRE, SD$331,760$424,800$513,450$638,100
SULLYNON-METRO$331,760$424,800$513,450$638,100
TODDNON-METRO$331,760$424,800$513,450$638,100
TRIPPNON-METRO$331,760$424,800$513,450$638,100
TURNERSIOUX FALLS, SD$331,760$424,800$513,450$638,100
UNIONSIOUX CITY, IA-NE-SD$331,760$424,800$513,450$638,100
WALWORTHNON-METRO$331,760$424,800$513,450$638,100
YANKTONYANKTON, SD$331,760$424,800$513,450$638,100
ZIEBACHNON-METRO$331,760$424,800$513,450$638,100

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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