VA Loans in South Dakota

South Dakota offers property tax relief both for veterans with a total service-connected disability and for paraplegic veterans. The federal VA loan benefit is the same in every state: eligible buyers can buy with no down payment and competitive rates.

South Dakota benefits for veterans

Property tax relief for veterans

Veterans rated permanently and totally disabled from a service-connected disability may qualify to exempt part of their home's assessed value from property taxes.

Paraplegic veterans, or veterans who have lost the use of both lower extremities, may have their wheelchair-accessible home fully exempt. The injury doesn't have to be service-connected, and an unremarried surviving spouse can qualify too.

How to apply: Submit the application to your county assessor's office by the fall deadline each year.

VA loan basics

The essentials that apply in South Dakota and every other state.

VA Loan Requirements & EligibilityThe benefit is earned through service. You'll need a Certificate of Eligibility, a home you'll live in, and a loan that fits your budget.Read more VA Loan BenefitsBuy with no down payment and competitive rates, with no prepayment penalty and a benefit you can use again.Read more VA Loan Costs & FeesThe main VA-specific cost is a one-time funding fee. Many borrowers are exempt, and it can often be rolled into the loan.Read more Types of VA LoansUse the benefit to buy a home, lower the rate on a current VA loan, or turn home equity into cash.Read more

Read the full VA loan guide · Choose a different state

Talk to a loan officer

Questions about VA loans in South Dakota?

A Fidelity loan officer can talk through your eligibility and options one-on-one.

This page is for informational purposes only and is not a commitment to lend or an offer of credit. Program availability, terms and eligibility vary and are subject to change. Fidelity Funding Bancorp is not affiliated with or endorsed by the U.S. Department of Veterans Affairs or any government agency. Chu & Associates, Inc. DBA Fidelity Funding Bancorp. NMLS ID# 1076900. All loans are subject to credit approval, underwriting guidelines and property eligibility. Not available in all states.