Compare Current Pickens, South Carolina Mortgage Rates

Compare Pickens, 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 Pickens.

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

Pickens, SC Mortgage Rates as of June 12, 2024
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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.

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Compare Today's Pickens, SC Mortgage Rates

June 12, 2024

Current mortgage rates in Pickens, 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
Pickens, SC Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Pickens, South Carolina?

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

The median home value for Pickens, SC is $218,732

Based on current mortgage rates and a 10% down payment, you need to make $45,631 per year to buy the median priced home in Pickens

With this income, you could qualify for a $196,859 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 Pickens is $1,057

The median household income for Pickens, SC is $49,197

Based on this income, you can afford a home valued at approximately $235,825

The home price you can afford to buy based on household income in Pickens is 108% of the median home value which means housing prices are average. Pickens ranks 41 out of 46 counties in South Carolina and 2,717 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Pickens, SC is average


Loan Limits for Pickens, South Carolina

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Pickens below.

Conforming loan limits for Pickens, SC

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

FHA loan limits for Pickens, SC

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

VA loan limits for Pickens, SC

1 unit: $726,200

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