Compare mortgage rates and fees for leading lenders in Hilton Head, 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.
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. Plus, shopping lenders is free and there is no obligation.
September 22, 2019
The current average rate for a 30 year fixed rate mortgage in Hilton Head 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%
The median home value for Hilton Head, SC (Beaufort County) is $335,525
The median household income for Hilton Head, SC (Beaufort County) is $62,456
Based on current mortgage rates and a 10% down payment, you need to make $62,250 per year to buy the median priced home in Hilton Head
The home price you can afford to buy based on household income in Hilton Head is 100% of the median home value which means housing prices are average
Hilton Head (Beaufort County) ranks 45 out of 46 counties in South Carolina and 3,003 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, SC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Hilton Head (Beaufort County) below.
Conforming loan limits for Hilton Head, SC
FHA loan limits for Hilton Head, SC
VA loan limits for Hilton Head, SC
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index