Lawrence County, South Dakota Loan Limits for 2026

The FHA loan limit in Lawrence County is $541,650 for a one-unit home in 2026 (a high-cost area above the national floor), and the conforming limit for Fannie Mae and Freddie Mac loans is $832,750. Anything larger is a jumbo loan. HUD sets the FHA figure for the SPEARFISH, SD area.

2026 limits by number of units

UnitsFHA limitConforming limit
1$541,650$832,750
2$693,400$1,066,250
3$838,150$1,288,800
4$1,041,650$1,601,750

FHA limits effective January 1, 2026 per HUD; conforming limits for mortgages acquired in calendar year 2026 per FHFA. HUD's median price used to set the FHA limit here: $412,000.

What the limit means at the median price

The median Lawrence County home is worth $310,800. With FHA's 3.5% minimum down payment, the largest FHA loan on that home would be $299,922, within the county limit.

Frequently asked questions

What is the FHA loan limit in Lawrence County for 2026?

$541,650 for a single-family home, $693,400 for a duplex, $838,150 for a triplex and $1,041,650 for a fourplex, per HUD's county limits file (Mortgagee Letter 2025-23). Lawrence County is a high-cost area, so its limit sits above the national floor of $541,287.

What is the conforming loan limit in Lawrence County?

$832,750 for a one-unit home in 2026 ($1,066,250, $1,288,800 and $1,601,750 for 2, 3 and 4 units), per the Federal Housing Finance Agency. Loans above it are jumbo loans.

Does the limit cap the home price?

No. It caps the loan amount. A buyer can purchase a home above the limit by making a larger down payment so the mortgage stays within it.

Sources

Figures are computed from the documents above and rounded to the dollar. All sources.

Loan limits in every South Dakota county → Lawrence County home buyer guide →

General information, not lending advice. Lenders may set their own lower caps.

Lawrence County overview