South Dakota Mortgage Rates (2026)
Current average mortgage rates, median home prices, and top lenders in South Dakota. Rates apply to primary residence purchases with good credit (740+).
30yr Fixed
7.05%
Avg APR
15yr Fixed
6.45%
Avg APR
Median Price
$285,000
Median home
Monthly P&I
$1,520
30yr at 80% LTV
Advertisement
Top Mortgage Lenders in South Dakota
1
Get RateRocket Mortgage
Online convenience
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
2
Get RateChase
Existing customers
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
3
Get RateWells Fargo
Branch access
30yr Fixed
7.1%
15yr Fixed
6.5%
Min Down
3%
4
Get RateBank of America
Preferred Rewards
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
5
Get RateloanDepot
Low down payment
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
Advertisement
First-Time Buyer Programs in South Dakota
- ✓SDHDA Fixed Rate Plus Program
- ✓SDHDA Governor's House Program
Mortgage Requirements in South Dakota
- •Min 640 credit score for SDHDA programs
- •Income and purchase price limits apply
- •First-time buyer requirement (or not owned in 3 years)
South Dakota Housing Market Facts
Sioux Falls has the most active housing market in the state.
No state income tax and low property taxes (1.31% avg).
SDHDA provides DPA up to $8,000 for income-eligible buyers.
Advertisement