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South Carolina

Current South Carolina Mortgage Rates

Compare South Carolina mortgage rates and fees from top lenders. 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 lowest mortgage rates in South Carolina.

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

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South Carolina Mortgage Rates as of June 30, 2022
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Data provided by Icanbuy, LLC. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more information on rates and product details.
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Compare Today's South Carolina Mortgage Rates

June 30, 2022

Current mortgage rates in South Carolina are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
South Carolina Rates
National
Average
Comparison
30 Year Fixed Rate
%
5.810%
15 Year Fixed Rate
%
4.920%
5/1 Adjustable Rate Mortgage
%
4.410%

How Affordable is Housing in South Carolina?

Below we offer valuable insights on the housing market and real estate prices in South Carolina. Understand how much you need to make to buy a house in South Carolina, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in South Carolina is affordable for you. We provide this helpful information to help you decide if living in South Carolina is right for you.

The median home value for South Carolina is $235,472

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in South Carolina is $38,581

With this income, you could qualify for a $211,924 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 South Carolina is $893

The median household income for South Carolina is $61,528

Based on this income, you can afford a home valued at approximately $375,525

The home price you can afford to buy based on household income in South Carolina is 159% of the median home value which means housing prices are average. South Carolina ranks 23 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in South Carolina is average

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Additional Mortgage Resources for South Carolina Residents

Mortgage Rates for South Carolina Cities

Aiken Mortgage Rates

Anderson Mortgage Rates

Charleston Mortgage Rates

Columbia Mortgage Rates

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Moncks Corner Mortgage Rates

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Pickens Mortgage Rates

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St. George Mortgage Rates

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