THE FHA IN SOUTH DAKOTA

FHA loans have been helping South Dakota residents since 1934 

 

A licensed South Dakota FHA Lender can offer you a better loan including:

Low down payments (if any)

24 Hour Pre-Approval

Low closing costs

Easier credit qualifying

48 hour Streamline Refinancing

 

South Dakota First Time Home Buyer Loan

This FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in South Dakota with  help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

South Dakota FHA Refinance to a Lower Rate

Lowering your monthly mortgage payment is easier than ever as mortgage interest rates continue to set new record lows almost every week for more than two month.  

South Dakota FHA Debt Consolidation

An FHA Debt Consolidation Loan can change your life, and we can connect you to an FHA Home Lending expert to talk over your financial situation so you are not left to figure out everything completely on your own.  

 

South Dakota FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

South Dakota FHA Lending Limits 2022

South Dakota Median Home Sale Price Price $178,000

 

County Name Single Duplex 3 Unit 4 Unit
AURORA $275,665 $352,950 $426,625 $530,150
BEADLE $275,665 $352,950 $426,625 $530,150
   HURON, SD
BENNETT $275,665 $352,950 $426,625 $530,150
BON HOMME $275,665 $352,950 $426,625 $530,150
   NON-METRO
BROOKINGS $275,665 $352,950 $426,625 $530,150
   BROOKINGS, SD
BROWN $275,665 $352,950 $426,625 $530,150
   ABERDEEN, SD
BRULE $275,665 $352,950 $426,625 $530,150
BUFFALO $275,665 $352,950 $426,625 $530,150
BUTTE $275,665 $352,950 $426,625 $530,150
CAMPBELL $275,665 $352,950 $426,625 $530,150
CHARLES MIX $275,665 $352,950 $426,625 $530,150
CLARK $275,665 $352,950 $426,625 $530,150
   NON-METRO
CLAY $275,665 $352,950 $426,625 $530,150
   VERMILLION, SD
CODINGTON $275,665 $352,950 $426,625 $530,150
   WATERTOWN, SD
CORSON $275,665 $352,950 $426,625 $530,150
CUSTER $275,665 $352,950 $426,625 $530,150
   RAPID CITY, SD
DAVISON $275,665 $352,950 $426,625 $530,150
   MITCHELL, SD
DAY $275,665 $352,950 $426,625 $530,150
DEUEL $275,665 $352,950 $426,625 $530,150
DEWEY $275,665 $352,950 $426,625 $530,150
   NON-METRO
DOUGLAS $275,665 $352,950 $426,625 $530,150
EDMUNDS $275,665 $352,950 $426,625 $530,150
   ABERDEEN, SD
FALL RIVER $275,665 $352,950 $426,625 $530,150
FAULK $275,665 $352,950 $426,625 $530,150
GRANT $275,665 $352,950 $426,625 $530,150
GREGORY $275,665 $352,950 $426,625 $530,150
HAAKON $275,665 $352,950 $426,625 $530,150
HAMLIN $275,665 $352,950 $426,625 $530,150
   NON-METRO
HAND $275,665 $352,950 $426,625 $530,150
HANSON $275,665 $352,950 $426,625 $530,150
   MITCHELL, SD
HARDING $275,665 $352,950 $426,625 $530,150
HUGHES $275,665 $352,950 $426,625 $530,150
   PIERRE, SD
HUTCHINSON $275,665 $352,950 $426,625 $530,150
HYDE $275,665 $352,950 $426,625 $530,150
JACKSON $275,665 $352,950 $426,625 $530,150
JERAULD $275,665 $352,950 $426,625 $530,150
   NON-METRO
JONES $275,665 $352,950 $426,625 $530,150
KINGSBURY $275,665 $352,950 $426,625 $530,150
LAKE $275,665 $352,950 $426,625 $530,150
LAWRENCE $275,665 $352,950 $426,625 $530,150
   SPEARFISH, SD
LINCOLN $275,665 $352,950 $426,625 $530,150
   SIOUX FALLS, SD
LYMAN $275,665 $352,950 $426,625 $530,150
MARSHALL $275,665 $352,950 $426,625 $530,150
MCCOOK $275,665 $352,950 $426,625 $530,150
   SIOUX FALLS, SD
MCPHERSON $275,665 $352,950 $426,625 $530,150
MEADE $275,665 $352,950 $426,625 $530,150
   RAPID CITY, SD
MELLETTE $275,665 $352,950 $426,625 $530,150
MINER $275,665 $352,950 $426,625 $530,150
MINNEHAHA $275,665 $352,950 $426,625 $530,150
   SIOUX FALLS, SD
MOODY $275,665 $352,950 $426,625 $530,150
OGLALA LAKOTA $275,665 $352,950 $426,625 $530,150
PENNINGTON $275,665 $352,950 $426,625 $530,150
   RAPID CITY, SD
PERKINS $275,665 $352,950 $426,625 $530,150
POTTER $275,665 $352,950 $426,625 $530,150
ROBERTS $275,665 $352,950 $426,625 $530,150
SANBORN $275,665 $352,950 $426,625 $530,150
SPINK $275,665 $352,950 $426,625 $530,150
STANLEY $275,665 $352,950 $426,625 $530,150
   PIERRE, SD
SULLY $275,665 $352,950 $426,625 $530,150
   PIERRE, SD
TODD $275,665 $352,950 $426,625 $530,150
   NON-METRO
TRIPP $275,665 $352,950 $426,625 $530,150
TURNER $275,665 $352,950 $426,625 $530,150
   SIOUX FALLS, SD
UNION $275,665 $352,950 $426,625 $530,150
   SIOUX CITY, IA-NE-SD
WALWORTH $275,665 $352,950 $426,625 $530,150
YANKTON $275,665 $352,950 $426,625 $530,150
   YANKTON, SD
ZIEBACH $275,665 $352,950 $426,625 $530,150