»
»
Hilton Head Island

Current Mortgage Rates in Hilton Head Island, South Carolina

Compare mortgage rates and fees for leading lenders in Hilton Head Island, SC. 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 lender offering the best mortgage rates in Hilton Head Island.

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

%
Mortgage Rates in Hilton Head Island, SC as of July 4, 2020
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees
  • Contact
Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.
PERSONALIZED MORTGAGE QUOTE

$
LEADING LENDERS ● LOW RATES ● FREE ● NO SSN

How Do Today's Hilton Head Island, SC Mortgage Rates Compare?

July 4, 2020

The current average rate for a 30 year fixed rate mortgage in Hilton Head Island is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Hilton Head Island, SC Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.650%
15 Year Fixed Rate
B.BBB%
3.090%
5/1 Adjustable Rate Mortgage
C.CCC%
3.390%

How Affordable is Housing in Hilton Head Island, South Carolina?

Below we provide helpful information on the real estate market, home prices and housing affordability in Hilton Head Island. Understand how much you need to earn to afford a home in Hilton Head Island, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Hilton Head Island fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Hilton Head Island is right for you.

The median home value for Hilton Head Island, SC (Beaufort County) is $351,630

Based on current mortgage rates and a 10% down payment, you need to make $63,284 per year to buy the median priced home in Hilton Head Island

With this income, you could qualify for a $316,467 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 Hilton Head Island is $1,466

The median household income for Hilton Head Island, SC (Beaufort County) is $63,914

Based on this income, you can afford a home valued at approximately $355,131

The home price you can afford to buy based on household income in Hilton Head Island is 101% of the median home value which means housing prices are average. Hilton Head Island (Beaufort County) ranks 45 out of 46 counties in South Carolina and 2,984 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Hilton Head Island, SC is average

orange-simple-house
ruler

Loan Limits for Hilton Head Island, South Carolina

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hilton Head Island (Beaufort County) below.

Conforming loan limits for Hilton Head Island, SC

1 unit: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Hilton Head Island, SC

1 unit: $350,750
2 units: $449,000
3 units: $542,750
4 units: $674,500

VA loan limits for Hilton Head Island, SC

1 unit: $510,400

Additional Mortgage Resources for Hilton Head Island, SC Residents

Mortgage Rates for South Carolina Cities

Aiken Mortgage Rates

Anderson Mortgage Rates

Charleston Mortgage Rates

Columbia Mortgage Rates

Florence Mortgage Rates

Greenville Mortgage Rates

Hilton Head Island Mortgage Rates

Lancaster Mortgage Rates

Lexington Mortgage Rates

Moncks Corner Mortgage Rates

Myrtle Beach Mortgage Rates

Pickens Mortgage Rates

Spartanburg Mortgage Rates

St. George Mortgage Rates

Sumter Mortgage Rates

York Mortgage Rates