South Dakota VA Home Loan Limits

south dakota va loans

Known for the Mount Rushmore monument that was constructed in 1927 by Gutzon Borglum; the 60 foot face of Four American Presidents on the side of a granite mountain draws tourists to South Dakota from all over the world. Located in the Midwest, South Dakota is one of the least densely populated states in the country. The largest metropolitan area in the state is Sioux Falls, and the majority of the state’s residents live in the eastern portion of the state. The western part of South Dakota is made up by primarily agricultural areas. Mount Rushmore, Deadwood, and the Badlands are all tourist areas in the state. Deadwood, formerly a gambling and old West center, was fictionalized as the setting for the HBO T.V. show of the same name. The state has a population of 844,877. Four distinct regions make up the state: Southeast, Glacial Lakes, Great Lakes, Badlands and Black Hills. The state capital of Pierre is located on the Missouri River. Originally under French rule, South Dakota was purchased by the United States as part of the Louisiana Territory in 1803. The territory was admitted statehood in 1889, making it the 40th state in the union.

Today, the state’s economy is dominated by the service industry. Included in this sector are retail, finance, and health care. Government spending is responsible for ten percent of the gross state product. Additionally, agriculture is the main component of the state’s economy, with cattle, corn, soybeans, wheat and hogs being the five most important agricultural products in the state.

Much of the recreational activities in South Dakota are centered on the outdoors, including fishing, hunting, cycling and running. The Sturgis event is something that draws hundreds of thousands of visitors to the state of South Dakota annually.

The primary military base in South Dakota is the Ellsworth Air Force Base, and the veteran population is figured to be nearly 76,000. Ellsworth Air Force Base is the home of the 28th Bomb Wing, one of the two B-1B Lancer Strategic bomber wings in the U.S. Air Force.

For veterans and active-duty service members who plan to purchase a home in the state, a termite inspection is not required. The average home cost in South Dakota is below the national average at $158,400. Over the previous twelve months, home appreciation in the state has been four percent. The cost of living in South Dakota is 2.4 percent below the American average. The unemployment rate is 3.7 percent compared to the U.S. average of 6.3 percent.

South Dakota Short Sale Assistance

Veterans and service members who require short sale assistance on a home in South Dakota should complete the form below, or call 888-573-4496. With short sale assistance in South Dakota, there is no cost to the seller, and there’s minimal impact to the seller’s creditor history. Additionally, there is no impact on the seller’s security clearance, and the seller can use a VA home loan benefit again to purchase another home in the future.

South Dakota VA Home Loan Information

south dakota state sealNOTE: The following is for information purposes only.

To find out the exact dollar amount you qualify for, call the VA Home Loan Centers Applications Support Desk at 888-573-4496 or fill out the VA Home Loan Application located here.

The loan limits below are the maximum 2018, $0 down VA loan amount set for each county, incorporated city, or municipality (as listed below). Although there is no maximum loan amount, the maximum no money down VA home loan limits are stated as follows.

  1. Aurora County $453,100
  2. Beadle County $453,100
  3. Bennett County $453,100
  4. Bon Homme County $453,100
  5. Brookings County $453,100
  6. Brown County $453,100
  7. Brule County $453,100
  8. Buffalo County $453,100
  9. Butte County $453,100
  10. Campbell County $453,100
  11. Charles Mix County $453,100
  12. Clark County $453,100
  13. Clay County $453,100
  14. Codington County $453,100
  15. Corson County $453,100
  16. Custer County $453,100
  17. Davison County $453,100
  18. Day County $453,100
  19. Deuel County $453,100
  20. Dewey County $453,100
  21. Douglas County $453,100
  22. Edmunds County $453,100
  23. Fall River County $453,100
  24. Faulk County $453,100
  25. Grant County $453,100
  26. Gregory County $453,100
  27. Haakon County $453,100
  28. Hamlin County $453,100
  29. Hand County $453,100
  30. Hanson County $453,100
  31. Harding County $453,100
  32. Hughes County $453,100
  33. Hutchinson County $453,100
  34. Hyde County $453,100
  35. Jackson County $453,100
  36. Jerauld County $453,100
  37. Jones County $453,100
  38. Kingsbury County $453,100
  39. Lake County $453,100
  40. Lawrence County $453,100
  41. Lincoln County $453,100
  42. Lyman County $453,100
  43. Marshall County $453,100
  44. Mccook County $453,100
  45. Mcpherson County $453,100
  46. Meade County $453,100
  47. Mellette County $453,100
  48. Miner County $453,100
  49. Minnehaha County $453,100
  50. Moody County $453,100
  51. Pennington County $453,100
  52. Perkins County $453,100
  53. Potter County $453,100
  54. Roberts County $453,100
  55. Sanborn County $453,100
  56. Shannon County $453,100
  57. Spink County $453,100
  58. Stanley County $453,100
  59. Sully County $453,100
  60. Todd County $453,100
  61. Tripp County $453,100
  62. Turner County $453,100
  63. Union County $453,100
  64. Walworth County $453,100
  65. Yankton County $453,100
  66. Ziebach County $453,100

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