Current Mortgage Rates in Pickens, South Carolina

Compare mortgage rates and fees for leading lenders in Pickens, 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 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.

Mortgage Rates in Pickens, SC as of September 30, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Pickens, SC Mortgage Rates Compare?

September 30, 2020

The current average rate for a 30 year fixed rate mortgage in Pickens 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
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 $180,524

Based on current mortgage rates and a 10% down payment, you need to make $32,490 per year to buy the median priced home in Pickens

With this income, you could qualify for a $162,472 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 $752

The median household income for Pickens, SC is $47,809

Based on this income, you can afford a home valued at approximately $265,644

The home price you can afford to buy based on household income in Pickens is 147% of the median home value which means housing prices are average. Pickens ranks 39 out of 46 counties in South Carolina and 2,563 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: $510,400
2 units: $653,550
3 units: $789,950
4 units: $981,700

FHA loan limits for Pickens, SC

1 unit: $331,760
2 units: $424,800
3 units: $513,450
4 units: $638,100

VA loan limits for Pickens, SC

1 unit: $510,400

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