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Harrisburg

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.

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Mortgage Rates in Harrisburg, SD as of November 11, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

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

November 11, 2019

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
Today's
Harrisburg, SD Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Harrisburg, South Dakota?

The median home value for Harrisburg, SD (Lincoln County) is $222,701

The median household income for Harrisburg, SD (Lincoln County) is $84,351

Based on current mortgage rates and a 10% down payment, you need to make $41,318 per year to buy the median priced home in Harrisburg

The home price you can afford to buy based on household income in Harrisburg is 204% of the median home value which means housing prices are affordable

Harrisburg (Lincoln County) ranks 52 out of 66 counties in South Dakota and 1,507 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

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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: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Harrisburg, SD

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Harrisburg, SD

1 unit: $484,350

Additional Mortgage Resources for Harrisburg, SD Residents

Mortgage Rates for South Dakota Cities

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Sioux Falls Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index