South Dakota (SD) · Judicial or Non-Judicial Power of Sale (180-Day Redemption Waiver) Foreclosure · 2026 DSCR Desk

South Dakota DSCR Loans — 2026 Rates, 80% LTV & Investor Guidelines

South Dakota DSCR loans allow real estate investors to acquire or cash-out refinance 1–4 unit rentals, short-term rentals (Airbnb/VRBO), and 5–100+ unit multifamily properties in South Dakota (SD) up to 80% Purchase LTV and 75% Cash-Out LTV at 6.125%–7.875% with zero personal tax returns. At the South Dakota median 1–4 unit price of $295,000 and Form 1007 rent of $2,180/mo (1.17% property tax, $610/$100K hazard insurance), a 75% LTV loan models at 1.16x DSCR ($1,873/mo total PITIA).

Median 1–4 Unit Price
$295,000
75% LTV: $221,250
Median Form 1007 Rent
$2,180/mo
Modeled DSCR: 1.16x
SD Effective Tax Rate
1.17%
~$288/mo Tax Escrow
Security Instrument
Judicial or Non-Judicial Power of Sale (180-Day Redemption Waiver)
Avg Timeline: 90–140 days days

All 10 Investor Loan Programs in South Dakota (SD)

South Dakota DSCR Loans
Up to 80% LTV Purchase / 75% Cash-Out · 6.375% – 8.25% (Wholesale Tier Dependent)
Min FICO: 620 – 660+ FICO · Close: 14 – 21 Business Days
South Dakota Hard Money Loans
Up to 85%–90% LTC / 75% ARV · 9.25% – 11.50% Interest-Only
Min FICO: 600 – 640+ FICO (Asset-Backed) · Close: 5 – 10 Business Days
South Dakota Private Money Loans
Up to 80% LTV / 85% LTC · 8.99% – 11.25% Interest-Only
Min FICO: Flexible Credit / Equity-Driven · Close: 7 – 12 Business Days
South Dakota Fix & Flip Loans
Up to 90% Purchase + 100% Rehab (75% ARV Cap) · 9.25% – 11.25% Interest-Only
Min FICO: 620 – 660+ FICO · Close: 7 – 10 Business Days
South Dakota Bridge Loans
Up to 80% LTV Acquisition / 75% Bridge Cash-Out · 8.75% – 10.99% Interest-Only
Min FICO: 640+ FICO · Close: 10 – 15 Business Days
South Dakota Ground-Up Construction
Up to 85% LTC / 70%–75% Completed ARV · 9.75% – 11.75% Interest-Only on Drawn Funds
Min FICO: 660+ FICO · Close: 14 – 21 Business Days
South Dakota Multifamily (5+ Units)
Up to 75%–80% LTV Purchase / 70%–75% Cash-Out · 6.50% – 8.50% (Perm) / 8.99%+ (Value-Add Bridge)
Min FICO: 660+ FICO · Close: 21 – 30 Business Days
South Dakota Commercial Property
Up to 75% LTV · 6.875% – 8.99%
Min FICO: 660+ FICO · Close: 21 – 30 Business Days
South Dakota Rehab & BRRRR Loans
Up to 85%–90% LTC + 100% Rehab Escrowed · 9.25% – 11.25% (Bridge Phase) -> 6.50%+ (DSCR Takeout)
Min FICO: 620+ FICO · Close: 7 – 12 Business Days
South Dakota Cash-Out Refinance
Up to 75% LTV Cash-Out (Select 80% LTV Tiers) · 6.625% – 8.375%
Min FICO: 640 – 680+ FICO · Close: 14 – 21 Business Days

Top South Dakota Investment Cities

Sioux Falls, SDRapid City, SD

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South Dakota DSCR Loans (2026) — 80% LTV, Rates & SD Underwriting Guide | Stephen R. Mannenbach, J.D., MBA · Loan Daddy LLC | Stephen Mannenbach