South Dakota
VA Loans in South Dakota
The VA Loan offers unparalleled benefits exclusively to military personnel and veterans. In South Dakota, these benefits are being utilized by veterans and active-duty members in cities like Sioux Falls, Rapid City, Aberdeen, and Brookings.
With the national rise in home prices, the VA Loan's $0 down payment, absence of PMI, competitive interest rates, and flexible credit requirements are making home ownership increasingly attainable for South Dakota's military families and veterans.
Median Sale Price of Homes in South Dakota*
|
Sioux Falls |
$311,408 |
|
Rapid City |
$331,755 |
|
Aberdeen |
$214,774 |
|
Brookings |
$276,040 |
*Data sourced from Zillow (January 2024)
Property Taxes in South Dakota
South Dakota's property tax rates are known for being among the lowest in the country, and the state offers several exemptions that could benefit homeowners, including those for senior citizens, disabled veterans, and more. Property taxes in South Dakota are due annually.
VA Disability in South Dakota
South Dakota provides various property tax exemptions for veterans, including disabled veterans and seniors. Qualifications for these exemptions can vary, so it's essential to check with your county assessor's office.
Insurance Programs in South Dakota
Preparing for natural disasters is crucial in South Dakota, especially for homeowners insuring against events like floods, tornadoes, and severe storms. Consulting with a reputable insurance provider is recommended to ensure adequate coverage.
Military Presence in South Dakota
South Dakota has a notable military presence with several bases, significantly contributing to the state's economy and community. Details about these installations can provide insight into the military's role in South Dakota.
VA Home Loan Volume in 2023 in South Dakota*
|
Total Purchase Loans |
1,060 |
|
Total Refinance Loans |
5 |
|
Total Home Loans |
1,279 |
|
Total Loan Amount |
$410,544,347 |
|
Average Loan Amount |
$320,989 |
*Data obtained from the Department of Veterans Affairs (2023)
FAQ’s about VA Loans in South Dakota
Curious about how to purchase a home in South Dakota or want more details on VA Loans? Start by giving us a call or filling out this form to initiate the process!
Seeking information on property tax exemptions or other benefits for veterans in South
