»
»
Myrtle Beach

Compare Current Myrtle Beach, South Carolina Mortgage Rates

Compare Myrtle Beach, SC 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 Myrtle Beach.

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

%
Myrtle Beach, SC Mortgage Rates as of October 5, 2024
  • Lender
  • APR
  • Loan Type
  • Rate
  • Payment
  • Fees & Points
  • Contact

%
Get Personalized Mortgage Quotes

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.

Get Free Personalized Mortgage Quotes

Compare Today's Myrtle Beach, SC Mortgage Rates

October 5, 2024

Current mortgage rates in Myrtle Beach, SC 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
Today's
Myrtle Beach, SC Rates
National
Average
Comparison
30 Year Fixed Rate
%
6.669%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%

How Affordable is Housing in Myrtle Beach, South Carolina?

Below we provide helpful information on the real estate market, home prices and housing affordability in Myrtle Beach. Understand how much you need to earn to afford a home in Myrtle Beach, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Myrtle Beach 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 Myrtle Beach is right for you.

The median home value for Myrtle Beach, SC (Horry County) is $274,748

Based on current mortgage rates and a 10% down payment, you need to make $57,317 per year to buy the median priced home in Myrtle Beach

With this income, you could qualify for a $247,273 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 Myrtle Beach is $1,327

The median household income for Myrtle Beach, SC (Horry County) is $56,634

Based on this income, you can afford a home valued at approximately $271,474

The home price you can afford to buy based on household income in Myrtle Beach is 99% of the median home value which means housing prices are expensive. Myrtle Beach (Horry County) ranks 44 out of 46 counties in South Carolina and 2,824 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Myrtle Beach, SC is expensive

orange-simple-house
ruler

Loan Limits for Myrtle Beach, South Carolina

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Myrtle Beach (Horry County) below.

Conforming loan limits for Myrtle Beach, SC

1 unit: $726,200
2 units: $929,850
3 units: $1,123,900
4 units: $1,396,800

FHA loan limits for Myrtle Beach, SC

1 unit: $472,030
2 units: $604,400
3 units: $730,525
4 units: $907,900

VA loan limits for Myrtle Beach, SC

1 unit: $726,200

Additional Mortgage Resources for Myrtle Beach, 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