In the year 2025, the FHA loan limits in Rapid-Valley county, part of Pennington, SD, are specified as follows: $356,362 for homes accommodating a single family, $456,275 for a two-unit establishment, $551,500 for three-unit buildings, and $685,400 for residences that house four families.
When examining conventional loans, the highest allowed amounts are $548,250 for one-family homes, increasing to $702,000 for two-unit properties, $848,500 for buildings with three units, and reaching $1,054,500 for four-unit homes—settings that accommodate multiple families.
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The Loan Limits Comparison Table for 2025 in the county of Rapid-Valley within Pennington, SD, presents an analysis of the maximum loan amounts possible for FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loans. Dive deeper and compare qualification criteria including income, available reserves, and required credit by utilizing the Lendersa® Super Loan Integrated Qualifier (SLIQ™), an essential component for making informed decisions.
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $356,362 | $456,275 | $551,500 | $685,400 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $548,250 | $702,000 | $848,500 | $1,054,500 |
| USDA | $285,000 | $285,000 | $285,000 | $285,000 |
| VA | $548,250 | $702,000 | $848,500 | $1,054,500 |
| None-Qm | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 |
| None- QM- Super Jumo | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Reverse Mortgage (HECM) | $822,375 | $822,375 | $822,375 | $822,375 |
| Proprietary Reverse Mortgage (Non-FHA) | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Hard Money | $90,000,000 | $90,000,000 | $90,000,000 | $90,000,000 |
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