FHA single-family mortgages in SOUTH DAKOTA can have down payments as little as 3.5%. In some cases, FHA insurance allows homebuyers to finance approximately 96.5% of the value of their home purchased with their FHA mortgage.

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November 18, 2019
FHA Rates for November 18, 2019
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FHA Appraisers in SOUTH DAKOTA

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South Dakota is bordered by North Dakota, Minnesota, Iowa, Nebraska, Wyoming, and Montana. Its Black Hills are of great religious importance to local American Indians and also the location of Mount Rushmore, a major tourist destination. Other attractions in the state include Badlands National Park, Wind Cave National Park, the Crazy Horse Memorial, and historic Deadwood.

South Dakota is one of the lowest contributors to the nations GDP. The service sector is the state's largest economic contributor, namely in the retail, finance, and health care industries. Citibank established banking operations in the state to take advantage of favorable banking regulations. Ellsworth Air Force Base is the second largest employer in South Dakota.

Tourism is another important part of its economy. One of the largest tourist events in the state is the annual Sturgis Motorcycle Rally. The five day event drew over 450,000 attendants in a recent year, significant considering the state population was less than twice that number.

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