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South Dakota

2024 Loan Rules & Limits

📊 Loan Limits (2024)

Conforming Limit
$766,550
FHFA single-family baseline
FHA Floor
$498,257
HUD single-family baseline

💰 Tax Climate

State Income Tax
No
No state income tax

🏛️ State Housing Agency

SDHDA

Available Programs

  • SDHDA First-time Homebuyer
  • SDHDA Governor's House

📋 Lending Notes

No state income tax — favorable for buyers. Standard loan limits. Rapid City (Black Hills) is the most competitive market.

Loan limits effective January 1, 2024. Actual limits vary by county. Always verify current limits with your lender or at hud.gov and fhfa.gov.