Current Mortgage Rates in Harrisburg, South Dakota

Compare mortgage rates and fees for leading lenders in Harrisburg, SD. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Harrisburg.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Harrisburg. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Harrisburg, SD as of September 22, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Harrisburg, SD Mortgage Rates Compare?

September 22, 2020

The current average rate for a 30 year fixed rate mortgage in Harrisburg is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Harrisburg, SD Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Harrisburg, South Dakota?

Below we provide helpful information on the real estate market, home prices and housing affordability in Harrisburg. Understand how much you need to earn to afford a home in Harrisburg, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Harrisburg fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Harrisburg is right for you.

The median home value for Harrisburg, SD (Lincoln County) is $232,278

Based on current mortgage rates and a 10% down payment, you need to make $41,804 per year to buy the median priced home in Harrisburg

With this income, you could qualify for a $209,050 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Harrisburg is $968

The median household income for Harrisburg, SD (Lincoln County) is $86,321

Based on this income, you can afford a home valued at approximately $479,632

The home price you can afford to buy based on household income in Harrisburg is 206% of the median home value which means housing prices are affordable. Harrisburg (Lincoln County) ranks 52 out of 66 counties in South Dakota and 1,445 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Harrisburg, SD is affordable


Loan Limits for Harrisburg, South Dakota

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Harrisburg (Lincoln County) below.

Conforming loan limits for Harrisburg, SD

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Harrisburg, SD

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Harrisburg, SD

1 unit: $510,400

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