FHA VS Conventional loan programs in Madison, Lake County, South Dakota
In 2025, Convetional loan limit in Madison, county of Lake, SD is $726,200 while FHA limit is $472,030 for a single-family home.
Use Lendersa® Conventional loan calculator to compare today's Conventional Vs. FHA Vs. USDA best rates and determine the Income, credit, reserves, and documents needed to qualify. With our advanced mortgage calculator, you see the Conforming Conventional loans, USDA, FHA, VA side by side to help you decide which program in SD is best for your particular financial situation.
2025 loan limits and downpayment requirments in Madison, county of Lake, SD
Loan Type
Loan Limit
Down payment
Conventional Conforming
$726,200
3%
USDA
$336,500
0%
FHA
$472,030
3.5%
The comparison table applies to zip codes: 57042
Conventional and FHA loan options in Madison, SD
Lendersa® goal is to get you the best possible Conventional, USDA or FHA loan fast and without hassle. Select one of three starting points that result in matching lenders and loan programs.
While our name - First Bank - may be relatively new, our roots run deep in Sterling and Rice County. Originally known as Farmers State Bank, the bank opened for business in Sterling on March 24, 1907 with Frank W. Ross as president. The previous November the bank was incorporated by a group of farsighted community business, farmers.
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