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.

South Carolina Mortgage Rates as of May 18, 2024
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Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. 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

May 18, 2024

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
South Carolina Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

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 $256,990

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in South Carolina is $53,612

With this income, you could qualify for a $231,291 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 $1,242

The median household income for South Carolina is $60,660

Based on this income, you can afford a home valued at approximately $290,771

The home price you can afford to buy based on household income in South Carolina is 113% of the median home value which means housing prices are average. South Carolina ranks 27 out of 50 states for housing affordability.

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


Additional Mortgage Resources for South Carolina Residents

Mortgage Rates for South Carolina Cities

Aiken Mortgage Rates

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