Moncks Corner

Current Mortgage Rates in Moncks Corner, South Carolina

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.

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Get Personalized Mortgage Quotes for Moncks Corner, SC

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.

How Do Today's Moncks Corner, SC Mortgage Rates Compare?

September 22, 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%

Mortgage Program

Today's
Moncks Corner, SC Rates

National
Average

Comparison

30 Year Fixed Rate

A.AAA%

3.600%

15 Year Fixed Rate

B.BBB%

3.050%

5/1 Adjustable Rate Mortgage

C.CCC%

3.360%

How Affordable is Housing in Moncks Corner, South Carolina?

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

Loan Limits for Moncks Corner, South Carolina

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

1 unit: $484,350

2 units: $620,200

3 units: $749,650

4 units: $931,600

FHA loan limits for Moncks Corner, SC

1 unit: $388,700

2 units: $497,600

3 units: $601,500

4 units: $747,500

VA loan limits for Moncks Corner, SC

1 unit: $484,350