Compare mortgage rates and fees for leading lenders in Moncks Corner, 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 Moncks Corner.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Moncks Corner. Plus, shopping lenders is free and there is no obligation.
November 13, 2019
The current average rate for a 30 year fixed rate mortgage in Moncks Corner 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 Moncks Corner, SC (Berkeley County) is $200,183
The median household income for Moncks Corner, SC (Berkeley County) is $58,430
Based on current mortgage rates and a 10% down payment, you need to make $37,140 per year to buy the median priced home in Moncks Corner
The home price you can afford to buy based on household income in Moncks Corner is 157% of the median home value which means housing prices are average
Moncks Corner (Berkeley County) ranks 34 out of 46 counties in South Carolina and 2,425 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Moncks Corner, SC is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Moncks Corner (Berkeley County) below.
Conforming loan limits for Moncks Corner, SC
FHA loan limits for Moncks Corner, SC
VA loan limits for Moncks Corner, 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