FHA Loan Limits in Pennington County, South Dakota (2026)
From Pennington County, FHA buyers in Pennington County can finance a one-unit home up to $541,287 with 3.5% down in 2026. That matches the national FHA floor used across most of the Midwest.
| Property Type | 2026 FHA Loan Limit |
|---|---|
| One-unit (single family) | $541,287 |
| Two-unit (duplex) | $692,997 |
| Three-unit (triplex) | $837,720 |
| Four-unit (fourplex) | $1,041,072 |
These 2026 limits apply throughout Pennington County, from Pennington County outward, and sit alongside the limits set for neighboring Minnehaha and Lincoln Counties.
What can you buy with FHA in Pennington County?
With Pennington County's median sale price estimated near $275,000 (think Pennington County), the FHA down payment is roughly $9,625. Factoring South Dakota property taxes near 1.17%, expect about $2,169 monthly, pointing to income near $84,000 — above South Dakota's $69,457 median household income, so budget carefully.
FHA payment scenarios in Pennington County
Here is what an FHA payment looks like at three Pennington County budgets, all with 3.5% down at a 6.25% example rate:
| Purchase Price | Down (3.5%) | Est. Monthly Payment |
|---|---|---|
| Entry-level — $198,000 | $6,930 | $1,594 |
| Local median — $275,000 | $9,625 | $2,169 |
| At the FHA limit — $541,287 | $18,945 | $4,156 |
Estimates include FHA MIP plus South Dakota property taxes and insurance. Rates move daily near Pennington County too — get notified.
In Pennington County and the surrounding Pennington County market, FHA's appeal is the math: $9,625 down on a $275,000 home, credit accepted from 580, and assistance programs that can cover closing costs.
Multi-unit FHA limits in Pennington County
Looking at a duplex or fourplex near Pennington County? FHA allows up to $692,997 on two units and $1,041,072 on four in Pennington County, with the same low 3.5% down for owner-occupants.
Get FHA Rate & Program Alerts
Free to join in under 30 seconds. Get notified when it is time to act.
Free to join. Msg & data rates may apply; reply STOP to opt out. See our Terms & Privacy Policy.
Frequently Asked Questions
- What is the FHA loan limit in Pennington County for 2026?
- In Pennington County (Pennington County), the 2026 FHA limit is $541,287 for one unit, $692,997 for a duplex, $837,720 for a triplex, and $1,041,072 for a fourplex.
- What income do I need to buy in Pennington County with FHA?
- For a median-priced ($275,000) Pennington County home, plan on income around $84,000 at a 31% housing ratio — about $2,169/month including taxes, insurance, and MIP.
- How much is the FHA down payment in Pennington County?
- 3.5% with a 580+ score — roughly $9,625 on a $275,000 Pennington County-area home. Gift funds are allowed.
- Is Pennington County a high-cost FHA area?
- No — Pennington County uses the $541,287 national floor for one unit.